10,687 Shares in Amplify Energy Corp. (NYSE:AMPY) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Amplify Energy Corp. (NYSE:AMPY) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 10,687 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also added to or reduced their stakes in AMPY. Innealta Capital LLC purchased a new stake in shares of Amplify Energy during the 2nd quarter valued at about $26,000. Quarry LP bought a new position in Amplify Energy during the third quarter valued at approximately $43,000. Quest Partners LLC purchased a new stake in Amplify Energy in the third quarter worth approximately $45,000. nVerses Capital LLC bought a new stake in Amplify Energy in the 2nd quarter worth approximately $52,000. Finally, Creative Planning purchased a new stake in Amplify Energy during the 3rd quarter valued at $67,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a research note on Wednesday, October 16th.

Amplify Energy Price Performance

NYSE AMPY opened at $5.71 on Friday. The company has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.70. Amplify Energy Corp. has a 52 week low of $3.56 and a 52 week high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $227.09 million, a P/E ratio of 3.71 and a beta of 1.95.

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.