Clint D. Coghill Buys 31,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Clint D. Coghill bought 31,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $105,400.00. Following the completion of the purchase, the director now directly owns 3,004,347 shares in the company, valued at approximately $10,214,779.80. This represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amplify Energy Stock Up 0.3%

AMPY stock opened at $3.26 on Friday. The firm has a market cap of $131.50 million, a PE ratio of 2.12 and a beta of 0.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $4.49. Amplify Energy Corp. has a one year low of $2.27 and a one year high of $8.15.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $72.05 million for the quarter, compared to analysts’ expectations of $73.87 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. On average, equities research analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMPY shares. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Wall Street Zen lowered shares of Amplify Energy from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Industrial Alliance Securities set a $8.50 target price on shares of Amplify Energy in a research note on Friday, March 7th.

Institutional Trading of Amplify Energy

Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Amplify Energy during the 1st quarter valued at approximately $36,000. BNP Paribas Financial Markets purchased a new stake in Amplify Energy in the fourth quarter valued at approximately $38,000. Caption Management LLC purchased a new stake in Amplify Energy in the fourth quarter valued at approximately $44,000. Focus Partners Wealth purchased a new stake in Amplify Energy in the first quarter valued at approximately $54,000. Finally, Ancora Advisors LLC purchased a new stake in Amplify Energy in the first quarter valued at approximately $56,000. 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.