Price T Rowe Associates Inc. MD Acquires Shares of 10,071 Amplify Energy Corp. (NYSE:AMPY)

Price T Rowe Associates Inc. MD bought a new stake in Amplify Energy Corp. (NYSE:AMPY) during the 1st quarter, HoldingsChannel reports. The fund bought 10,071 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMPY. Tower Research Capital LLC TRC boosted its holdings in shares of Amplify Energy by 154.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock valued at $50,000 after acquiring an additional 5,145 shares in the last quarter. Diversified Trust Co purchased a new stake in Amplify Energy during the first quarter worth about $73,000. Quadrature Capital Ltd boosted its holdings in Amplify Energy by 61.5% during the fourth quarter. Quadrature Capital Ltd now owns 24,369 shares of the company’s stock worth $144,000 after buying an additional 9,279 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Amplify Energy during the first quarter worth about $335,000. Finally, New York State Common Retirement Fund boosted its holdings in Amplify Energy by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 72,128 shares of the company’s stock worth $428,000 after buying an additional 7,220 shares in the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Alliance Global Partners boosted their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark assumed coverage on shares of Amplify Energy in a report on Thursday, May 2nd. They set a “buy” rating and a $11.00 price objective on the stock.

Amplify Energy Stock Down 0.1 %

Shares of NYSE AMPY opened at $7.22 on Monday. Amplify Energy Corp. has a 12-month low of $3.56 and a 12-month high of $8.15. The company has a market capitalization of $286.00 million, a PE ratio of 9.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $6.86 and its two-hundred day moving average is $6.57.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). Amplify Energy had a net margin of 10.06% and a return on equity of 8.29%. The business had revenue of $79.50 million during the quarter, compared to analysts’ expectations of $79.62 million. During the same period last year, the company earned $0.24 EPS. Equities analysts anticipate that Amplify Energy Corp. will post 1.28 EPS for the current fiscal year.

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.