Amplify Energy (NYSE:AMPY) Insider James Frew Buys 25,000 Shares

Amplify Energy Corp. (NYSE:AMPY) insider James Frew acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider owned 216,859 shares in the company, valued at approximately $856,593.05. The trade was a 13.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amplify Energy Stock Performance

AMPY opened at $3.95 on Wednesday. Amplify Energy Corp. has a 52-week low of $3.11 and a 52-week high of $6.79. The stock has a market capitalization of $163.10 million, a PE ratio of 19.75 and a beta of -0.21. The stock’s 50 day moving average price is $5.07 and its 200-day moving average price is $5.25.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.99). The business had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $38.11 million. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Hedge Funds Weigh In On Amplify Energy

A number of institutional investors and hedge funds have recently made changes to their positions in AMPY. Thomist Capital Management LP raised its stake in Amplify Energy by 109.8% during the fourth quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock valued at $14,571,000 after buying an additional 1,647,130 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Amplify Energy in the first quarter worth $5,390,000. Truffle Hound Capital LLC grew its stake in shares of Amplify Energy by 56.2% in the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after acquiring an additional 450,000 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Amplify Energy by 76.4% in the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock worth $4,363,000 after acquiring an additional 413,512 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of Amplify Energy by 483.1% during the fourth quarter. Walleye Capital LLC now owns 462,247 shares of the company’s stock valued at $2,112,000 after acquiring an additional 382,969 shares in the last quarter. Institutional investors own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

AMPY has been the subject of several research analyst reports. Weiss Ratings cut shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Wall Street Zen cut shares of Amplify Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Amplify Energy Company Profile

Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company’s asset portfolio is concentrated along the U.S.