American Century Companies Inc. Purchases 311,646 Shares of Amplify Energy Corp. (NYSE:AMPY)

American Century Companies Inc. raised its position in Amplify Energy Corp. (NYSE:AMPY) by 422.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,397 shares of the company’s stock after acquiring an additional 311,646 shares during the quarter. American Century Companies Inc. owned approximately 0.97% of Amplify Energy worth $2,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMPY. Acadian Asset Management LLC increased its holdings in 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 purchasing an additional 195,059 shares during the period. Rhumbline Advisers increased its stake in shares of Amplify Energy by 4.3% during the second quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock valued at $673,000 after buying an additional 4,050 shares during the period. nVerses Capital LLC bought a new position in shares of Amplify Energy during the second quarter valued at approximately $52,000. Innealta Capital LLC purchased a new stake in Amplify Energy in the second quarter worth $26,000. Finally, Panagora Asset Management Inc. lifted its stake in Amplify Energy by 10.6% in the second quarter. Panagora Asset Management Inc. now owns 275,542 shares of the company’s stock worth $1,868,000 after acquiring an additional 26,508 shares during the period. 42.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Amplify Energy Stock Up 2.6 %

AMPY stock opened at $6.41 on Friday. Amplify Energy Corp. has a fifty-two week low of $3.56 and a fifty-two week high of $8.15. The company has a market capitalization of $253.91 million, a price-to-earnings ratio of 8.78 and a beta of 1.95. The business’s 50 day moving average price is $6.91 and its two-hundred day moving average price is $6.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.84.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results 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). The firm had revenue of $79.50 million during the quarter, compared to analysts’ expectations of $79.62 million. Amplify Energy had a return on equity of 7.40% and a net margin of 8.95%. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, analysts forecast that Amplify Energy Corp. will post 1.16 earnings per share 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.