Renaissance Technologies LLC Has $68,000 Holdings in Amplify Energy Corp. (NYSE:AMPY)

Renaissance Technologies LLC trimmed its holdings in Amplify Energy Corp. (NYSE:AMPY - Free Report) by 92.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,300 shares of the company's stock after selling 130,700 shares during the quarter. Renaissance Technologies LLC's holdings in Amplify Energy were worth $68,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. bought a new stake in shares of Amplify Energy in the 4th quarter valued at $65,000. Proficio Capital Partners LLC bought a new stake in Amplify Energy in the 4th quarter valued at approximately $73,000. Virtu Financial LLC acquired a new position in Amplify Energy during the 4th quarter worth approximately $76,000. ExodusPoint Capital Management LP bought a new position in shares of Amplify Energy during the 4th quarter worth approximately $105,000. Finally, SG Americas Securities LLC raised its holdings in shares of Amplify Energy by 34.8% in the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $110,000 after purchasing an additional 4,720 shares during the last quarter. Institutional investors own 42.84% of the company's stock.

Wall Street Analyst Weigh In

AMPY has been the topic of several analyst reports. Benchmark reiterated a "buy" rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 target price on shares of Amplify Energy in a report on Friday, March 7th.

Amplify Energy Stock Performance

AMPY traded up $0.19 during trading hours on Tuesday, reaching $3.12. The company's stock had a trading volume of 511,210 shares, compared to its average volume of 686,761. The company's 50-day moving average is $3.14 and its 200-day moving average is $4.98. Amplify Energy Corp. has a 52 week low of $2.27 and a 52 week high of $8.15. The firm has a market cap of $125.85 million, a PE ratio of 2.03 and a beta of 0.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The firm had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. On average, equities analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current year.

Insiders Place Their Bets

In other news, insider James Frew acquired 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the completion of the purchase, the insider now directly owns 54,222 shares of the company's stock, valued at $208,754.70. The trade was a 38.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah G. Adams bought 10,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the purchase, the director now directly owns 61,961 shares of the company's stock, valued at approximately $256,518.54. The trade was a 19.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 50,000 shares of company stock worth $194,900 in the last 90 days. Company insiders own 1.96% of the company's stock.

Amplify Energy Profile

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.