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

Amplify Energy Corp. (NYSE:AMPY) was the target of some unusual options trading activity on Wednesday. Investors bought 3,127 call options on the stock. This represents an increase of 314% compared to the average daily volume of 755 call options.

Institutional Trading of Amplify Energy

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Amplify Energy by 154.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock valued at $50,000 after acquiring an additional 5,145 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Amplify Energy in the first quarter valued at $67,000. Diversified Trust Co acquired a new stake in Amplify Energy in the first quarter valued at $73,000. Quadrature Capital Ltd acquired a new position in shares of Amplify Energy during the 3rd quarter worth $111,000. Finally, Paloma Partners Management Co acquired a new position in shares of Amplify Energy during the 1st quarter worth $115,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

Amplify Energy Trading Up 1.8 %

Shares of AMPY opened at $6.65 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. Amplify Energy has a 12-month low of $3.56 and a 12-month high of $8.21. The firm has a 50-day moving average price of $6.45 and a 200 day moving average price of $6.27. The firm has a market capitalization of $263.21 million, a P/E ratio of 9.10 and a beta of 1.80.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.47). The company had revenue of $76.30 million for the quarter, compared to analysts’ expectations of $76.36 million. Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. During the same period last year, the business earned ($0.06) EPS. Sell-side analysts forecast that Amplify Energy will post 1.35 EPS for the current year.

Analysts Set New Price Targets

AMPY has been the subject of several analyst reports. Benchmark initiated coverage on shares of Amplify Energy in a research note on Thursday, May 2nd. They issued a “buy” rating and a $11.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and set a $9.50 target price on shares of Amplify Energy in a report on Friday, April 12th.

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.