Amplify Energy (NYSE:AMPY) Insider James Frew Purchases 25,000 Shares of Stock

Amplify Energy Corp. (NYSE:AMPY) insider James Frew bought 25,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $3.95 per share, for a total transaction of $98,750.00. Following the transaction, the insider owned 216,859 shares in the company, valued at approximately $856,593.05. This represents a 13.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amplify Energy Price Performance

AMPY traded down $0.09 on Tuesday, hitting $3.95. 822,895 shares of the stock were exchanged, compared to its average volume of 826,327. Amplify Energy Corp. has a 12 month low of $3.11 and a 12 month high of $6.79. The firm has a market capitalization of $163.08 million, a price-to-earnings ratio of 19.75 and a beta of -0.21. The business has a 50-day moving average of $5.11 and a two-hundred day moving average of $5.26.

Amplify Energy (NYSE:AMPY) last posted 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 for the quarter, compared to analyst estimates of $38.11 million. Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its position in Amplify Energy by 10.1% in the 1st quarter. Empowered Funds LLC now owns 253,581 shares of the company’s stock worth $1,582,000 after purchasing an additional 23,159 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Amplify Energy during the 1st quarter worth approximately $92,000. Public Employees Retirement System of Ohio bought a new position in shares of Amplify Energy during the 1st quarter worth approximately $75,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Amplify Energy in the 1st quarter worth approximately $5,390,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Amplify Energy in the 1st quarter worth approximately $994,000. 42.84% of the stock is owned by institutional investors.

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.