Amplify Energy Corp. $AMPY Shares Acquired by Ethic Inc.

Ethic Inc. increased its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 57.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,622 shares of the company’s stock after purchasing an additional 78,340 shares during the quarter. Ethic Inc.’s holdings in Amplify Energy were worth $711,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMPY. Acadian Asset Management LLC increased its position in shares of Amplify Energy by 71.6% in the first quarter. Acadian Asset Management LLC now owns 639,998 shares of the company’s stock valued at $2,388,000 after buying an additional 266,947 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Amplify Energy in the 1st quarter worth about $649,000. Nuveen LLC acquired a new stake in Amplify Energy in the 1st quarter valued at about $275,000. Public Employees Retirement System of Ohio increased its holdings in Amplify Energy by 1,017.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 81,610 shares of the company’s stock valued at $261,000 after acquiring an additional 74,310 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Amplify Energy by 10.9% during the first quarter. American Century Companies Inc. now owns 1,204,368 shares of the company’s stock worth $4,504,000 after acquiring an additional 118,723 shares during the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Amplify Energy Stock Down 4.3%

Shares of NYSE:AMPY opened at $4.56 on Tuesday. The stock has a 50-day simple moving average of $4.47 and a 200-day simple moving average of $3.64. The stock has a market capitalization of $184.34 million, a P/E ratio of 13.01 and a beta of 0.44. Amplify Energy Corp. has a 1 year low of $2.27 and a 1 year high of $7.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. The business had revenue of $68.36 million for the quarter, compared to analyst estimates of $68.51 million. Equities analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMPY shares. Benchmark reissued a “buy” rating on shares of Amplify Energy in a research note on Thursday, July 3rd. Alliance Global Partners began coverage on Amplify Energy in a research report on Monday, June 30th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amplify Energy in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amplify Energy presently has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Insiders Place Their Bets

In other news, Director Clint D. Coghill purchased 65,494 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $3.89 per share, with a total value of $254,771.66. Following the purchase, the director directly owned 3,504,347 shares of the company’s stock, valued at approximately $13,631,909.83. This represents a 1.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James Frew bought 25,000 shares of Amplify Energy stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $3.70 per share, with a total value of $92,500.00. Following the completion of the purchase, the insider owned 129,222 shares in the company, valued at approximately $478,121.40. The trade was a 23.99% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 425,000 shares of company stock valued at $1,603,845. Company insiders own 10.30% of the company’s stock.

About Amplify Energy

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.