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Director Clint D. Coghill of Amplify Energy Corp (NYSE:AMPY), a $160 million market cap energy company, has purchased shares of the company’s common stock in a series of transactions totaling $1.33 million. The stock, which InvestingPro analysis shows is currently trading at just 0.39 times book value, has seen a strong 11% return over the past week.
According to a Form 4 filing with the Securities and Exchange Commission, Coghill acquired a total of 350,000 shares between August 12 and August 14. The purchases were made at prices ranging from $3.6929 to $3.8888.
Specifically, on August 12, Coghill bought 117,420 shares; on August 13, he purchased 167,086 shares; and on August 14, he acquired 65,494 shares.
Following these transactions, Coghill indirectly owns 3,504,347 shares through Stoney Lonesome HF LP, and 83,000 shares through Drake Helix Holdings, LLC, as well as 2,410 directly held shares. InvestingPro subscribers can access 8 additional key insights about AMPY, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Amplify Energy Corp. has announced several strategic moves aimed at refining its operations and strengthening its financial standing. The company has completed the sale of its non-operated Eagle Ford assets to Murphy Exploration & Production Company for $23 million, a transaction that closed on July 1, 2025. This sale is part of Amplify’s broader strategy to streamline its operations, and the proceeds are earmarked for debt reduction and liquidity enhancement. Additionally, Amplify Energy is exploring the sale of its East Texas and Oklahoma assets, with TenOaks Energy Advisors engaged to assess market interest.
Benchmark has reiterated its Buy rating for Amplify Energy, maintaining a price target of $11.00, citing the company’s strategic asset sales and debt reduction plans as positive developments. The research firm views the sale of Eagle Ford non-operated production as a step that aligns with multiple strategic objectives for Amplify. With a strengthened balance sheet, Amplify is considering the reinstatement of previously deferred high-return development wells at its Beta field in 2025. These recent developments indicate Amplify’s commitment to focusing on its core oil-weighted operations while addressing financial obligations.
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