Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder Buys 25,000 Shares

Amplify Energy Corp. (NYSE:AMPY) Director Todd R. Snyder acquired 25,000 shares of Amplify Energy stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $3.83 per share, with a total value of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares of the company’s stock, valued at $415,233.28. This trade represents a 29.97 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Amplify Energy Price Performance

NYSE:AMPY opened at $3.92 on Thursday. The firm has a market capitalization of $157.90 million, a price-to-earnings ratio of 2.54 and a beta of 1.88. Amplify Energy Corp. has a 52-week low of $3.54 and a 52-week high of $8.15. The stock has a fifty day moving average of $5.33 and a 200 day moving average of $6.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The firm had revenue of $69.02 million for the quarter, compared to analysts’ expectations of $76.04 million. On average, research analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Benchmark reissued a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a report on Thursday, January 16th. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a report on Friday, March 7th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMPY. Rangeley Capital LLC purchased a new position in Amplify Energy during the 4th quarter valued at about $8,154,000. Inlight Wealth Management LLC bought a new stake in Amplify Energy during the 4th quarter valued at approximately $2,197,000. American Century Companies Inc. boosted its position in Amplify Energy by 26.8% during the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after acquiring an additional 229,608 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Amplify Energy during the 4th quarter valued at approximately $1,022,000. Finally, Dimensional Fund Advisors LP boosted its position in Amplify Energy by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock valued at $14,779,000 after acquiring an additional 88,707 shares in the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

About Amplify Energy

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.