Amplify Energy's (AMPY) Buy Rating Reiterated at Roth Mkm

Amplify Energy (NYSE:AMPY - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Roth Mkm in a report issued on Friday, Benzinga reports. They currently have a $9.50 price objective on the stock. Roth Mkm's target price would suggest a potential upside of 33.99% from the stock's current price.

Separately, Alliance Global Partners started coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They set a "buy" rating and a $9.00 price target on the stock.

Amplify Energy Stock Down 1.1 %

Shares of NYSE:AMPY traded down $0.08 during trading hours on Friday, hitting $7.09. The company's stock had a trading volume of 419,865 shares, compared to its average volume of 602,770. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $280.83 million, a price-to-earnings ratio of 0.73 and a beta of 2.10. The firm's fifty day moving average price is $6.29 and its 200 day moving average price is $6.34. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.21.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.21 by $0.86. The firm had revenue of $78.99 million during the quarter, compared to analyst estimates of $73.33 million. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. As a group, research analysts expect that Amplify Energy will post 1.3 EPS for the current year.

Institutional Trading of Amplify Energy

Several large investors have recently made changes to their positions in AMPY. State Street Corp lifted its holdings in Amplify Energy by 190.9% during the second quarter. State Street Corp now owns 927,657 shares of the company's stock valued at $6,067,000 after purchasing an additional 608,739 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Amplify Energy in the third quarter valued at about $4,023,000. AQR Capital Management LLC raised its position in shares of Amplify Energy by 332.4% in the third quarter. AQR Capital Management LLC now owns 710,508 shares of the company's stock valued at $5,222,000 after buying an additional 546,209 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Amplify Energy by 316.4% in the first quarter. Renaissance Technologies LLC now owns 540,500 shares of the company's stock valued at $2,973,000 after buying an additional 410,700 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Amplify Energy in the third quarter valued at about $2,670,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

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.