Amplify Energy (NYSE:AMPY) Now Covered by Analysts at Alliance Global Partners

Analysts at Alliance Global Partners began coverage on shares of Amplify Energy (NYSE:AMPY - Get Free Report) in a research report issued on Monday. The firm set a "buy" rating and a $6.00 price target on the stock. Alliance Global Partners' target price points to a potential upside of 82.37% from the stock's current price.

A number of other research firms have also weighed in on AMPY. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research report on Friday, March 7th. Wall Street Zen lowered Amplify Energy from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

Amplify Energy Stock Performance

AMPY remained flat at $3.29 during trading hours on Monday. 396,086 shares of the company traded hands, compared to its average volume of 581,668. The stock's 50-day moving average price is $3.07 and its 200 day moving average price is $4.13. The stock has a market cap of $132.72 million, a price-to-earnings ratio of 3.50 and a beta of 0.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.76 and a current ratio of 0.76. Amplify Energy has a 1 year low of $2.27 and a 1 year high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $72.05 million during the quarter, compared to analyst estimates of $73.87 million. Amplify Energy had a net margin of 5.67% and a return on equity of 9.56%. As a group, research analysts expect that Amplify Energy will post 1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christopher W. Hamm purchased 77,176 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was purchased at an average price of $3.67 per share, for a total transaction of $283,235.92. Following the acquisition, the director directly owned 244,547 shares in the company, valued at $897,487.49. The trade was a 46.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint D. Coghill purchased 150,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $3.67 per share, for a total transaction of $550,500.00. Following the purchase, the director owned 3,154,347 shares of the company's stock, valued at approximately $11,576,453.49. This represents a 4.99% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 541,176 shares of company stock worth $1,860,626 over the last ninety days. 10.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amplify Energy

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Amplify Energy by 11.9% during the 1st quarter. Rhumbline Advisers now owns 114,161 shares of the company's stock valued at $427,000 after purchasing an additional 12,131 shares in the last quarter. Strs Ohio bought a new position in Amplify Energy during the first quarter valued at about $36,000. Acadian Asset Management LLC grew its holdings in Amplify Energy by 71.6% during the first quarter. Acadian Asset Management LLC now owns 639,998 shares of the company's stock worth $2,388,000 after acquiring an additional 266,947 shares during the period. Focus Partners Wealth acquired a new position in Amplify Energy during the first quarter worth about $54,000. Finally, Jane Street Group LLC raised its position in Amplify Energy by 14.6% in the first quarter. Jane Street Group LLC now owns 99,440 shares of the company's stock worth $372,000 after acquiring an additional 12,655 shares in the last quarter. 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.