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

Amplify Energy Corp. (NYSE:AMPY) saw some unusual options trading on Thursday. Stock investors acquired 4,098 call options on the stock. This is an increase of approximately 770% compared to the average daily volume of 471 call options.

Insider Activity

In related news, insider James Frew acquired 25,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares of the company’s stock, valued at $856,593.05. The trade was a 13.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Thomist Capital Management LP boosted its position in shares of Amplify Energy by 109.8% during the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock worth $14,571,000 after purchasing an additional 1,647,130 shares in the last quarter. BlackRock Inc. bought a new stake in Amplify Energy in the 2nd quarter valued at about $9,800,000. Dimensional Fund Advisors LP increased its position in Amplify Energy by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company’s stock valued at $9,507,000 after buying an additional 8,154 shares in the last quarter. Truffle Hound Capital LLC raised its stake in Amplify Energy by 56.2% during the 4th quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after buying an additional 450,000 shares during the period. Finally, Marshall Wace LLP raised its stake in Amplify Energy by 76.4% during the 4th quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock worth $4,363,000 after buying an additional 413,512 shares during the period. 42.84% of the stock is owned by institutional investors.

Amplify Energy Stock Down 1.1%

AMPY traded down $0.06 during trading on Friday, hitting $4.78. The company’s stock had a trading volume of 2,134,397 shares, compared to its average volume of 865,175. The firm has a market capitalization of $197.95 million, a P/E ratio of 10.61 and a beta of -0.17. Amplify Energy has a twelve month low of $3.65 and a twelve month high of $6.79. The stock’s fifty day moving average price is $4.09 and its 200-day moving average price is $5.05.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Benchmark decreased their price objective on shares of Amplify Energy from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Amplify Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.00.

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.