Exchange Traded Concepts LLC Makes New Investment in Amplify Energy Corp. (NYSE:AMPY)

Exchange Traded Concepts LLC purchased a new stake in shares of Amplify Energy Corp. (NYSE:AMPY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 46,218 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMPY. Jacobs Levy Equity Management Inc. acquired a new stake in Amplify Energy during the first quarter valued at approximately $904,000. Vanguard Group Inc. increased its holdings in shares of Amplify Energy by 7.1% in the first quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock valued at $16,021,000 after buying an additional 159,699 shares in the last quarter. American Century Companies Inc. lifted 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 acquiring an additional 311,646 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of 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 acquiring an additional 2,274 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Amplify Energy in the 1st quarter worth $67,000. Institutional investors own 42.84% of the company’s stock.

Amplify Energy Price Performance

Shares of NYSE:AMPY opened at $6.55 on Monday. The company’s fifty day moving average is $6.78 and its two-hundred day moving average is $6.76. The company has a market cap of $259.46 million, a P/E ratio of 8.97 and a beta of 1.94. Amplify Energy Corp. has a 12-month low of $3.56 and a 12-month high of $8.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.30.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) 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 business had revenue of $79.50 million during the quarter, compared to analysts’ expectations of $79.62 million. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts expect that Amplify Energy Corp. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMPY. Benchmark reaffirmed a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Wednesday, October 16th. Alliance Global Partners upped their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, August 9th.

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.