Stock Traders Purchase High Volume of Amplify Energy Call Options (NYSE:AMPY)

Amplify Energy Corp. (NYSE:AMPY) was the recipient of some unusual options trading on Thursday. Traders bought 5,005 call options on the stock. This is an increase of 901% compared to the typical volume of 500 call options.

Insider Activity at Amplify Energy

In other Amplify Energy news, insider James Frew acquired 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.85 per share, for a total transaction of $57,750.00. Following the acquisition, the insider now owns 54,222 shares in the company, valued at approximately $208,754.70. The trade was a 38.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Todd R. Snyder bought 25,000 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $3.83 per share, for a total transaction of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares in the company, valued at approximately $415,233.28. The trade was a 29.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 50,000 shares of company stock valued at $194,900. 1.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplify Energy

Several large investors have recently added to or reduced their stakes in AMPY. Dimensional Fund Advisors LP raised its stake in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock valued at $14,779,000 after acquiring an additional 88,707 shares in the last quarter. Rangeley Capital LLC acquired a new position in shares of Amplify Energy during the fourth quarter worth about $8,154,000. Bridgeway Capital Management LLC raised its holdings in Amplify Energy by 0.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,345,622 shares of the company’s stock valued at $8,074,000 after acquiring an additional 5,916 shares in the last quarter. American Century Companies Inc. lifted its stake in Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock worth $6,514,000 after acquiring an additional 229,608 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after acquiring an additional 29,988 shares in the last quarter. 42.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Amplify Energy Trading Down 8.5 %

NYSE:AMPY traded down $0.32 during trading hours on Thursday, reaching $3.39. 287,847 shares of the stock were exchanged, compared to its average volume of 396,811. Amplify Energy has a twelve month low of $3.32 and a twelve month high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $4.65 and a two-hundred day moving average of $5.83. The company has a market capitalization of $136.53 million, a price-to-earnings ratio of 2.20 and a beta of 1.88.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The firm had revenue of $69.02 million for 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%. On average, equities analysts predict that Amplify Energy will post 1.25 EPS for the current year.

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.