S&P 500 may face selling pressure as systematic funds reach full exposure
Martyn Willsher, the President and CEO of Amplify Energy Corp. (NYSE:AMPY), recently acquired 15,000 shares of the company’s common stock. The purchase, made on March 7, 2025, was executed at a weighted average price of $3.84 per share, totaling approximately $57,600. The timing is notable as the stock trades near its 52-week low of $3.54, with analysts setting price targets between $8.50 and $11.00. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics. This transaction increases Willsher’s direct ownership to 310,794 shares. The price range for these transactions was between $3.74 and $3.94 per share. The $152.86M market cap company has maintained profitability with earnings per share of $0.31 over the last twelve months, despite a challenging -40.41% price decline over the past six months. InvestingPro subscribers can access 12 additional key insights about AMPY’s financial health and market position.
In other recent news, Amplify Energy reported a challenging fourth-quarter performance for 2024, with earnings per share (EPS) of -$0.19, significantly missing the forecasted $0.30. The company’s revenue also fell short, coming in at $69.02 million compared to the expected $78.46 million. Amplify Energy experienced a net loss of $7.4 million for the quarter, contrasting with a full-year net income of $13 million, supported by a 48% increase in adjusted net income to $35.8 million. The company plans to invest heavily in its Beta field and other projects in 2025, with a capital investment budget of $70-80 million. Amplify Energy is also expanding its operations through a merger with Juniper Capital, anticipated to close in the second quarter of 2025. The company has set a production guidance of 19,000-21,000 barrels of oil equivalent per day for 2025, representing a 7% increase at the midpoint. Despite these developments, Amplify Energy faces challenges such as oil price volatility and the integration of new assets from the Juniper Capital merger.
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