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

Amplify Energy Corp. (NYSE:AMPY) insider James Frew acquired 25,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $3.95 per share, with a total value of $98,750.00. Following the acquisition, the insider owned 216,859 shares in the company, valued at $856,593.05. The trade was a 13.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Amplify Energy Stock Up 0.9%

NYSE:AMPY opened at $3.96 on Thursday. Amplify Energy Corp. has a 52 week low of $3.11 and a 52 week high of $6.79. The stock’s fifty day moving average is $5.03 and its two-hundred day moving average is $5.24. The stock has a market capitalization of $163.71 million, a price-to-earnings ratio of 19.82 and a beta of -0.21.

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

Hedge Funds Weigh In On Amplify Energy

Hedge funds have recently bought and sold shares of the company. Lakewood Asset Management LLC grew its holdings in Amplify Energy by 7.4% in the 4th quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company’s stock valued at $158,000 after buying an additional 2,386 shares during the period. First Trust Advisors LP lifted its holdings in shares of Amplify Energy by 2.5% during the 4th quarter. First Trust Advisors LP now owns 108,768 shares of the company’s stock worth $497,000 after acquiring an additional 2,663 shares during the period. Franklin Resources Inc. boosted its position in shares of Amplify Energy by 31.7% in the second quarter. Franklin Resources Inc. now owns 28,798 shares of the company’s stock worth $92,000 after acquiring an additional 6,935 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Amplify Energy by 45.6% in the fourth quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock worth $105,000 after acquiring an additional 7,201 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Amplify Energy by 309.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock valued at $47,000 after purchasing an additional 7,745 shares during the period. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMPY shares. 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 lowered 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.