AQR Capital Management LLC Has $5.02 Million Stock Position in Amplify Energy Corp. (NYSE:AMPY)

AQR Capital Management LLC cut its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 7.7% in the second quarter, Holdings Channel reports. The firm owned 740,380 shares of the company’s stock after selling 61,668 shares during the quarter. AQR Capital Management LLC’s holdings in Amplify Energy were worth $5,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new position in Amplify Energy during the first quarter worth about $904,000. Vanguard Group Inc. boosted its stake in Amplify Energy by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock worth $16,021,000 after acquiring an additional 159,699 shares during the last quarter. American Century Companies Inc. grew its holdings in Amplify Energy by 422.6% during the second quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock valued at $2,613,000 after purchasing an additional 311,646 shares during the period. Janney Montgomery Scott LLC increased its stake in Amplify Energy by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock valued at $526,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Amplify Energy in the first quarter worth $67,000. Institutional investors own 42.84% of the company’s stock.

Analysts Set New Price Targets

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

Amplify Energy Trading Up 2.0 %

NYSE:AMPY opened at $7.09 on Friday. 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 business’s 50-day simple moving average is $6.82 and its 200-day simple moving average is $6.73. Amplify Energy Corp. has a fifty-two week low of $3.56 and a fifty-two week high of $8.15. The stock has a market capitalization of $280.85 million, a PE ratio of 9.71 and a beta of 1.95.

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

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.