Amplify Energy Corp. $AMPY Shares Acquired by Ellevest Inc.

Ellevest Inc. boosted its holdings in Amplify Energy Corp. (NYSE:AMPY) by 78.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,520 shares of the company’s stock after purchasing an additional 40,648 shares during the quarter. Ellevest Inc.’s holdings in Amplify Energy were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMPY. Acadian Asset Management LLC raised its holdings in shares of Amplify Energy by 71.6% during the first quarter. Acadian Asset Management LLC now owns 639,998 shares of the company’s stock worth $2,388,000 after purchasing an additional 266,947 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Amplify Energy during the 1st quarter valued at about $649,000. Ethic Inc. acquired a new stake in Amplify Energy during the first quarter worth about $522,000. American Century Companies Inc. raised its stake in Amplify Energy by 10.9% during the first quarter. American Century Companies Inc. now owns 1,204,368 shares of the company’s stock worth $4,504,000 after acquiring an additional 118,723 shares during the period. Finally, Petrus Trust Company LTA bought a new position in Amplify Energy in the first quarter worth about $413,000. Institutional investors own 42.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Amplify Energy in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Amplify Energy presently has an average rating of “Moderate Buy” and an average price target of $8.50.

Amplify Energy Trading Up 7.5%

Amplify Energy stock opened at $4.92 on Friday. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $7.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $198.89 million, a price-to-earnings ratio of 14.04 and a beta of 0.33. The firm has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $3.75.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.24). The firm had revenue of $66.40 million during the quarter, compared to analyst estimates of $67.70 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. Sell-side analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Insider Buying and Selling at Amplify Energy

In other Amplify Energy news, insider James Frew purchased 25,000 shares of Amplify Energy stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $3.70 per share, for a total transaction of $92,500.00. Following the transaction, the insider owned 129,222 shares of the company’s stock, valued at $478,121.40. The trade was a 23.99% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clint D. Coghill purchased 65,494 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $3.89 per share, with a total value of $254,771.66. Following the purchase, the director owned 3,504,347 shares of the company’s stock, valued at approximately $13,631,909.83. This represents a 1.90% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 425,000 shares of company stock worth $1,603,845 in the last ninety days. 10.30% of the stock is owned by company insiders.

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.