Insider Buying: Amplify Energy (NYSE:AMPY) Insider Buys $98,750.00 in Stock

Amplify Energy Corp. (NYSE:AMPY) insider James Frew purchased 25,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were acquired 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 in the company, valued at approximately $856,593.05. This represents a 13.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Amplify Energy Price Performance

AMPY stock traded down $0.09 during mid-day trading on Tuesday, reaching $3.95. The company had a trading volume of 822,895 shares, compared to its average volume of 826,327. The company has a market capitalization of $163.08 million, a price-to-earnings ratio of 19.75 and a beta of -0.21. Amplify Energy Corp. has a 52 week low of $3.11 and a 52 week high of $6.79. The stock has a 50 day simple moving average of $5.11 and a two-hundred day simple moving average of $5.26.

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

Hedge Funds Weigh In On Amplify Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. 683 Capital Management LLC acquired a new stake in Amplify Energy during the fourth quarter worth approximately $862,000. Lakewood Asset Management LLC grew its position in shares of Amplify Energy by 7.4% in the fourth quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock valued at $158,000 after purchasing an additional 2,386 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Amplify Energy during the fourth quarter worth approximately $405,000. Kathmere Capital Management LLC bought a new stake in Amplify Energy in the 4th quarter valued at $48,000. Finally, GSA Capital Partners LLP bought a new stake in Amplify Energy in the 3rd quarter valued at $196,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Amplify Energy

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.