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Todd R. Snyder, a director at Amplify Energy Corp. (NYSE:AMPY), has made a significant purchase of the company’s stock. According to a recent SEC filing, Snyder acquired 25,000 shares of Amplify Energy’s common stock on March 7, 2025. The shares were purchased at a weighted average price of $3.83 each, resulting in a total transaction value of $95,750. Following this transaction, Snyder’s direct ownership in the company increased to 108,416 shares. The purchase price ranged from $3.75 to $3.94 per share, as noted in the filing.The insider purchase comes as Amplify Energy trades near its 52-week low of $3.54, with the stock down over 40% in the past six months. InvestingPro analysis shows the stock trading at just 0.37 times book value, with analyst price targets ranging from $8.50 to $11.00, suggesting significant upside potential. For deeper insights into insider trading patterns and 12 additional real-time ProTips, subscribers can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Amplify Energy Corp. reported a challenging fourth quarter for 2024, with an earnings per share (EPS) of -$0.19, missing the forecasted $0.30. The company also reported revenue of $69.02 million, which fell short of the expected $78.46 million. Despite these setbacks, Amplify Energy achieved a full-year net income of $13 million, with adjusted net income increasing by 48% from the previous year. The company is planning a significant merger with Juniper Capital, expected to close in the second quarter of 2025, which will expand its operations into the Rocky Mountain basins. Analysts have noted that this merger could provide substantial synergies and scale benefits. Amplify Energy’s strategic initiatives for 2025 include a capital investment budget of $70-80 million, with a focus on increasing production at its Beta field. The company has also announced its intention to continue expanding its operations through additional capital projects and potential acquisitions.
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