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Director Christopher W. Hamm of Amplify Energy Corp (NYSE:AMPY) recently purchased 77,176 shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, the shares were bought at a weighted average price of $3.67, for a total transaction value of $283,235. The purchase comes as InvestingPro data shows the stock trading near its Fair Value, with analysts setting price targets between $9.50 and $11.00, suggesting significant upside potential.
The prices paid for the shares ranged from $3.6250 to $3.7075. Following the transaction on June 18, 2025, Hamm directly owns 244,547 shares of Amplify Energy Corp. The company, currently valued at $147 million, maintains a "GOOD" Financial Health score according to InvestingPro, which offers comprehensive insider trading analysis among its extensive features for informed investment decisions.
In other recent news, Amplify Energy Corp reported a remarkable earnings per share (EPS) of $3.8 for the first quarter of 2025, far surpassing the forecasted $0.21. Despite a net loss of $5.9 million, this result indicates significant improvement from the previous quarter’s $7.4 million loss. The company’s revenue for the quarter was $72 million, slightly below the anticipated $72.55 million. Amplify Energy’s operational achievements, particularly in the Beta field with new wells, contributed to these positive outcomes. However, the company faces challenges, including a decrease in Adjusted EBITDA to $19.4 million and ongoing negative free cash flow. Amplify Energy has also reduced its capital program due to uncertainties in oil prices. Recent transactions include the monetization of portions of its Haynesville acreage, generating $9.2 million in total proceeds. The company remains focused on cost reduction and portfolio optimization, with plans to resume development projects as market conditions improve.
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