FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
In a recent transaction, Daniel Furbee, an officer at Amplify Energy Corp. (NYSE:AMPY), purchased 10,000 shares of the company’s common stock. The shares were acquired on May 30, 2025, at a weighted average price of $2.9747 per share, amounting to a total transaction value of $29,747. The purchase comes as the stock trades near its 52-week low of $2.27, having declined over 50% in the past year. According to InvestingPro analysis, the company currently trades at a Price/Book ratio of just 0.29x. Following this purchase, Furbee holds a total of 49,238 shares in the company. The shares were bought within a price range of $2.9699 to $2.9899, as noted in the filing. With a market capitalization of $116 million and eight additional InvestingPro Tips available, investors can access comprehensive analysis and valuation metrics through the detailed Pro Research Report, which covers over 1,400 US stocks.
In other recent news, Amplify Energy Corp reported an impressive earnings per share (EPS) of $3.8 for the first quarter of 2025, far surpassing the anticipated $0.21. Despite a net loss of $5.9 million, this result marked an improvement from the previous quarter’s loss of $7.4 million. The company reported revenue of $72 million, slightly below the forecast of $72.55 million. Amplify Energy also saw a decrease in Adjusted EBITDA to $19.4 million, down by $2.4 million from the prior quarter. The company made significant production enhancements at its Beta field with new wells, contributing to its operational success.
Additionally, Amplify Energy has reduced its capital program due to uncertainties in oil prices. The company monetized portions of its Haynesville acreage, generating $9.2 million in total proceeds, while retaining a 10% working interest in over 30 gross non-operated development opportunities. CEO Martin Wilshire expressed confidence in the company’s future, emphasizing the importance of their diversified portfolio and robust hedge book in protecting cash flow. Despite challenges such as negative free cash flow, Amplify Energy remains focused on cost reduction and potential portfolio optimization.
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