Insider Purchases Indicate Confidence: Amplify Energy's President & CFO, James Frew, recently purchased shares at $3.57 each, increasing his holdings by 138%, while other insiders have also bought shares totaling $833k in the past year, suggesting they believe the stock is undervalued.
Concerns About Insider Ownership Levels: Despite positive insider transactions, the overall insider ownership at 3.8% is considered low, and there are three warning signs associated with the company that investors should be aware of.
AMPY
$4.59+Infinity%1D
Analyst Views on AMPY
About AMPY
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company’s operations are focused on Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana. Its liquid-rich acreage in Oklahoma consisted of approximately 95 thousand net (112 thousand gross) prospective acres in the Mississippian Lime trend in the Woods and Alfalfa Counties of Oklahoma. Its liquids-heavy Rockies properties include wells and properties primarily located in the Lost Soldier and Wertz fields in the Rockies at its Bairoil complex. Its Beta properties include two wellbore production platforms and one production handling and processing platform. The Company’s business activities are conducted through Amplify Energy Operating LLC, its wholly owned subsidiary, and its wholly owned subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
