BlackRock Inc. bought a new stake in Amplify Energy Corp. (NYSE:AMPY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,462,227 shares of the company's stock, valued at approximately $9,800,000. BlackRock Inc. owned 5.96% of Amplify Energy at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in AMPY. Thomist Capital Management LP grew its stake in shares of Amplify Energy by 109.8% in the fourth quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company's stock valued at $14,571,000 after buying an additional 1,647,130 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Amplify Energy in the first quarter valued at approximately $5,390,000. Truffle Hound Capital LLC raised its stake in shares of Amplify Energy by 56.2% during the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company's stock valued at $5,712,000 after purchasing an additional 450,000 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Amplify Energy during the second quarter valued at approximately $1,655,000. Finally, Marshall Wace LLP lifted its position in shares of Amplify Energy by 76.4% during the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company's stock worth $4,363,000 after purchasing an additional 413,512 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company's stock.
Amplify Energy Trading Up 0.2%
NYSE:AMPY opened at $4.91 on Friday. Amplify Energy Corp. has a twelve month low of $3.65 and a twelve month high of $6.79. The company has a 50-day moving average of $4.29 and a 200-day moving average of $5.02. The firm has a market cap of $203.57 million, a price-to-earnings ratio of 10.91 and a beta of -0.15.
Amplify Energy (NYSE:AMPY - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). The company had revenue of $52.69 million for the quarter, compared to analyst estimates of $43.61 million. Amplify Energy had a negative return on equity of 3.01% and a net margin of 10.62%.
Insider Activity at Amplify Energy
In other Amplify Energy news, insider James Frew bought 25,000 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $3.95 per share, with a total value of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. This represents a 13.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.99% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on AMPY. Wall Street Zen raised shares of Amplify Energy from a "strong sell" rating to a "hold" rating in a report on Sunday, August 16th. Weiss Ratings raised Amplify Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Finally, Benchmark reduced their price target on Amplify Energy from $11.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.00.
Check Out Our Latest Analysis on AMPY
About Amplify Energy
(
Free Report)
Amplify Energy Corp NYSE: AMPY is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company's operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.
The company's asset portfolio is concentrated along the U.S.
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