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

Amplify Energy Corp. (NYSE:AMPY) saw unusually large options trading activity on Thursday. Stock traders purchased 4,098 call options on the company. This represents an increase of 770% compared to the average volume of 471 call options.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Benchmark reduced their price objective on Amplify Energy from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen cut Amplify Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

Amplify Energy Trading Up 13.1%

Shares of AMPY stock traded up $0.57 on Thursday, reaching $4.96. 2,972,985 shares of the stock were exchanged, compared to its average volume of 826,059. The company has a market capitalization of $205.00 million, a price-to-earnings ratio of 11.03 and a beta of -0.17. The business’s 50 day moving average price is $4.08 and its 200 day moving average price is $5.05. Amplify Energy has a twelve month low of $3.65 and a twelve month high of $6.79.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results 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). The business had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $38.11 million. Amplify Energy had a negative return on equity of 3.04% and a net margin of 10.62%.

Insider Transactions at Amplify Energy

In other Amplify Energy news, insider James Frew purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $3.95 per share, with a total value of $98,750.00. Following the transaction, the insider directly owned 216,859 shares of the company’s stock, valued at approximately $856,593.05. This represents a 13.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thomist Capital Management LP boosted its holdings in Amplify Energy by 109.8% in the fourth quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock valued at $14,571,000 after purchasing an additional 1,647,130 shares in the last quarter. BlackRock Inc. acquired a new stake in Amplify Energy during the second quarter worth approximately $9,800,000. Dimensional Fund Advisors LP raised its holdings in Amplify Energy by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company’s stock worth $9,507,000 after purchasing an additional 8,154 shares in the last quarter. Truffle Hound Capital LLC lifted its position in shares of Amplify Energy by 56.2% during the 4th quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after buying an additional 450,000 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Amplify Energy by 76.4% during the 4th quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock worth $4,363,000 after buying an additional 413,512 shares during the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

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.