Foundry Partners LLC Has $3.41 Million Holdings in Amplify Energy Corp. (NYSE:AMPY)

Foundry Partners LLC increased its position in Amplify Energy Corp. (NYSE:AMPY) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 575,055 shares of the company’s stock after purchasing an additional 27,765 shares during the period. Foundry Partners LLC owned about 1.47% of Amplify Energy worth $3,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMPY. AQR Capital Management LLC grew its stake in Amplify Energy by 332.4% during the 3rd quarter. AQR Capital Management LLC now owns 710,508 shares of the company’s stock valued at $5,222,000 after acquiring an additional 546,209 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Amplify Energy by 14.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 380,489 shares of the company’s stock valued at $2,797,000 after buying an additional 48,729 shares during the period. Acadian Asset Management LLC purchased a new stake in Amplify Energy in the 3rd quarter worth approximately $2,670,000. Panagora Asset Management Inc. boosted its stake in shares of Amplify Energy by 29.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 288,442 shares of the company’s stock valued at $2,120,000 after buying an additional 66,186 shares during the period. Finally, Federated Hermes Inc. increased its position in Amplify Energy by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock worth $699,000 after purchasing an additional 3,599 shares during the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMPY shares. Roth Mkm reiterated a “buy” rating and set a $9.50 price target on shares of Amplify Energy in a report on Friday, April 12th. Alliance Global Partners began coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They issued a “buy” rating and a $9.00 target price for the company.

Amplify Energy Trading Up 4.2 %

Amplify Energy stock opened at $7.50 on Tuesday. Amplify Energy Corp. has a one year low of $3.56 and a one year high of $8.21. The company’s fifty day moving average price is $6.41 and its two-hundred day moving average price is $6.33. 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 $297.08 million, a price-to-earnings ratio of 0.78 and a beta of 2.10.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.86. The company had revenue of $78.99 million during the quarter, compared to the consensus estimate of $73.33 million. Amplify Energy had a return on equity of 10.50% and a net margin of 122.36%. On average, analysts forecast that Amplify Energy Corp. will post 1.15 earnings per share for the current fiscal year.

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.