Deborah G. Adams Purchases 10,000 Shares of Amplify Energy Corp. (NYSE:AMPY) Stock

Amplify Energy Corp. (NYSE:AMPY) Director Deborah G. Adams purchased 10,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the purchase, the director now directly owns 61,961 shares of the company’s stock, valued at $256,518.54. The trade was a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Amplify Energy Price Performance

AMPY stock opened at $3.75 on Friday. The company has a market capitalization of $151.05 million, a P/E ratio of 2.43 and a beta of 1.88. Amplify Energy Corp. has a twelve month low of $3.54 and a twelve month high of $8.15. The business has a 50 day simple moving average of $5.33 and a 200-day simple moving average of $6.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. The company had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. As a group, equities analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Amplify Energy

Several hedge funds have recently modified their holdings of AMPY. BNP Paribas Financial Markets acquired a new stake in shares of Amplify Energy during the fourth quarter worth $38,000. Quarry LP acquired a new stake in shares of Amplify Energy during the third quarter worth $43,000. Caption Management LLC acquired a new stake in shares of Amplify Energy during the fourth quarter worth $44,000. Quest Partners LLC acquired a new stake in shares of Amplify Energy during the third quarter worth $45,000. Finally, Invesco Ltd. acquired a new stake in shares of Amplify Energy during the fourth quarter worth $65,000. 42.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a report on Friday, March 7th. Finally, Benchmark reissued a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a report on Thursday, January 16th.

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.