Stock Traders Buy Large Volume of Call Options on Amplify Energy (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) was the recipient of some unusual options trading on Thursday. Stock traders acquired 5,005 call options on the stock. This represents an increase of 901% compared to the average daily volume of 500 call options.

Amplify Energy Stock Performance

NYSE AMPY traded down $0.32 on Thursday, hitting $3.39. 287,847 shares of the company’s stock traded hands, compared to its average volume of 396,811. The firm has a market capitalization of $136.53 million, a PE ratio of 2.20 and a beta of 1.88. Amplify Energy has a 1-year low of $3.32 and a 1-year high of $8.15. The firm’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The business had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. As a group, analysts expect that Amplify Energy will post 1.25 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMPY. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research report on Friday, March 7th. Alliance Global Partners reiterated a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Benchmark restated a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research note on Thursday, January 16th.

Insider Activity at Amplify Energy

In related news, Director Deborah G. Adams purchased 10,000 shares of Amplify Energy stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $4.14 per share, with a total value of $41,400.00. Following the transaction, the director now owns 61,961 shares in the company, valued at approximately $256,518.54. The trade was a 19.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd R. Snyder acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $3.83 per share, for a total transaction of $95,750.00. Following the transaction, the director now owns 108,416 shares of the company’s stock, valued at $415,233.28. This represents a 29.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 50,000 shares of company stock worth $194,900 over the last three months. 1.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Amplify Energy by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock valued at $90,000 after purchasing an additional 2,367 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock worth $415,000 after purchasing an additional 2,765 shares in the last quarter. Rhumbline Advisers grew its position in shares of Amplify Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock valued at $612,000 after purchasing an additional 3,580 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Amplify Energy by 17.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 26,870 shares of the company’s stock worth $161,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Amplify Energy by 9.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 50,414 shares of the company’s stock valued at $302,000 after buying an additional 4,196 shares in the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

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.