Marshall Wace LLP Has $386,000 Position in Amplify Energy Corp. (NYSE:AMPY)

Marshall Wace LLP lifted its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 295.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,970 shares of the company’s stock after purchasing an additional 42,570 shares during the period. Marshall Wace LLP’s holdings in Amplify Energy were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMPY. Quadrature Capital Ltd raised its holdings in Amplify Energy by 61.5% in the 4th quarter. Quadrature Capital Ltd now owns 24,369 shares of the company’s stock valued at $144,000 after acquiring an additional 9,279 shares during the period. Diversified Trust Co bought a new position in shares of Amplify Energy during the first quarter worth approximately $73,000. Janney Montgomery Scott LLC lifted its holdings in Amplify Energy by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock worth $526,000 after purchasing an additional 2,274 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Amplify Energy in the 1st quarter valued at $605,000. Finally, Empowered Funds LLC grew its holdings in Amplify Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 130,522 shares of the company’s stock valued at $863,000 after buying an additional 9,800 shares in the last quarter. 42.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners boosted their target price on shares of Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Friday, August 9th.

Amplify Energy Price Performance

Amplify Energy stock opened at $6.90 on Friday. The firm has a market cap of $273.32 million, a PE ratio of 9.45 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $6.75. Amplify Energy Corp. has a one year low of $3.56 and a one year high of $8.15.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). Amplify Energy had a return on equity of 7.40% and a net margin of 8.95%. The firm had revenue of $79.50 million for the quarter, compared to the consensus estimate of $79.62 million. During the same period in the prior year, the company earned $0.24 EPS. As a group, research analysts expect that Amplify Energy Corp. will post 1.16 EPS for the current fiscal year.

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.