Amplify Energy’s (AMPY) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Amplify Energy (NYSE:AMPY) in a research report released on Thursday,Benzinga reports. The firm currently has a $11.00 price target on the stock.

Amplify Energy Stock Performance

Shares of AMPY opened at $5.86 on Thursday. The firm’s fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $6.68. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $232.85 million, a P/E ratio of 3.80 and a beta of 1.95.

Institutional Trading of Amplify Energy

Several large investors have recently modified their holdings of AMPY. Quarry LP acquired a new stake in Amplify Energy in the third quarter worth $43,000. Quest Partners LLC acquired a new stake in shares of Amplify Energy in the 3rd quarter valued at about $45,000. Creative Planning bought a new stake in Amplify Energy in the 3rd quarter valued at about $67,000. EP Wealth Advisors LLC acquired a new position in Amplify Energy during the 3rd quarter worth approximately $69,000. Finally, Wellington Management Group LLP bought a new position in Amplify Energy in the third quarter worth approximately $70,000. Institutional investors and hedge funds own 42.84% 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.