Quadrature Capital Ltd Increases Position in Amplify Energy Corp. (NYSE:AMPY)

Quadrature Capital Ltd lifted its position in Amplify Energy Corp. (NYSE:AMPY) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,369 shares of the company’s stock after purchasing an additional 9,279 shares during the period. Quadrature Capital Ltd owned about 0.06% of Amplify Energy worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Amplify Energy by 154.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after purchasing an additional 5,145 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Amplify Energy in the third quarter worth $129,000. SG Americas Securities LLC increased its stake in shares of Amplify Energy by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock worth $118,000 after purchasing an additional 4,266 shares in the last quarter. Graham Capital Management L.P. increased its stake in shares of Amplify Energy by 29.4% in the third quarter. Graham Capital Management L.P. now owns 34,998 shares of the company’s stock worth $257,000 after purchasing an additional 7,962 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Amplify Energy during the third quarter valued at $329,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMPY shares. Roth Mkm reaffirmed a “buy” rating and set a $9.50 target price on shares of Amplify Energy in a research note on Friday, April 12th. Benchmark started coverage on shares of Amplify Energy in a research note on Thursday, May 2nd. They set a “buy” rating and a $11.00 target price for the company.

Amplify Energy Stock Performance

Shares of NYSE:AMPY opened at $6.72 on Friday. Amplify Energy Corp. has a 52 week low of $3.56 and a 52 week high of $8.21. The stock has a market capitalization of $265.99 million, a P/E ratio of 9.20 and a beta of 1.80. The firm has a fifty day simple moving average of $6.45 and a two-hundred day simple moving average of $6.28. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.30.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.47). Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. The business had revenue of $76.30 million during the quarter, compared to analysts’ expectations of $76.36 million. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, analysts expect that Amplify Energy Corp. will post 1.35 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.