110,391 Shares in Amplify Energy Corp. $AMPY Acquired by Petrus Trust Company LTA

Petrus Trust Company LTA purchased a new position in shares of Amplify Energy Corp. (NYSE:AMPY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 110,391 shares of the company's stock, valued at approximately $413,000. Petrus Trust Company LTA owned approximately 0.27% of Amplify Energy as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMPY. BNP Paribas Financial Markets acquired a new position in shares of Amplify Energy during the 4th quarter worth $38,000. Ancora Advisors LLC acquired a new position in shares of Amplify Energy during the 1st quarter worth $56,000. ProShare Advisors LLC acquired a new position in shares of Amplify Energy during the 4th quarter worth $66,000. Virtu Financial LLC raised its holdings in shares of Amplify Energy by 62.3% during the 1st quarter. Virtu Financial LLC now owns 20,577 shares of the company's stock worth $77,000 after buying an additional 7,896 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Amplify Energy by 31.7% during the 1st quarter. MetLife Investment Management LLC now owns 21,035 shares of the company's stock worth $79,000 after buying an additional 5,063 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company's stock.

Analysts Set New Price Targets

AMPY has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating on shares of Amplify Energy in a report on Thursday, July 3rd. Alliance Global Partners initiated coverage on Amplify Energy in a research report on Monday, June 30th. They issued a "buy" rating and a $6.00 target price for the company. Finally, Wall Street Zen downgraded Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $8.50.

Amplify Energy Trading Down 0.3%

Amplify Energy stock traded down $0.01 during trading hours on Friday, hitting $3.97. The stock had a trading volume of 370,914 shares, compared to its average volume of 428,404. The stock has a market cap of $160.65 million, a price-to-earnings ratio of 11.34 and a beta of 0.52. The business's 50 day simple moving average is $3.76 and its 200-day simple moving average is $3.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Amplify Energy Corp. has a one year low of $2.27 and a one year high of $7.35.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $68.36 million during the quarter, compared to analyst estimates of $68.51 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. On average, equities analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Insider Activity

In related news, Director Christopher W. Hamm purchased 77,176 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $3.67 per share, with a total value of $283,235.92. Following the completion of the purchase, the director owned 244,547 shares in the company, valued at approximately $897,487.49. This represents a 46.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Frew purchased 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $3.70 per share, with a total value of $92,500.00. Following the purchase, the insider owned 129,222 shares of the company's stock, valued at approximately $478,121.40. This trade represents a 23.99% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 652,176 shares of company stock valued at $2,437,581. 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.