Barclays PLC Boosts Stake in Amplify Energy Corp. (NYSE:AMPY)

Barclays PLC grew its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 272.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 52,159 shares of the company’s stock after buying an additional 38,151 shares during the period. Barclays PLC’s holdings in Amplify Energy were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMPY. Bank of New York Mellon Corp raised its position in shares of Amplify Energy by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock valued at $3,030,000 after buying an additional 44,431 shares in the last quarter. Rhumbline Advisers raised its position in shares of Amplify Energy by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock valued at $673,000 after buying an additional 4,050 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Amplify Energy by 87.3% during the 2nd quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock valued at $2,835,000 after buying an additional 195,059 shares in the last quarter. American Century Companies Inc. raised its position in shares of Amplify Energy by 422.6% during the 2nd quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock valued at $2,613,000 after buying an additional 311,646 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of Amplify Energy during the 2nd quarter valued at $495,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Amplify Energy Price Performance

Shares of NYSE:AMPY opened at $6.16 on Friday. The stock has a market cap of $244.98 million, a PE ratio of 4.00 and a beta of 1.95. The company’s fifty day moving average is $6.40 and its 200 day moving average is $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.

Amplify Energy Company 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.