Amplify Energy Corp. (NYSE:AMPY) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Amplify Energy Corp. (NYSE:AMPY) by 11.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 446,939 shares of the company’s stock after acquiring an additional 44,431 shares during the quarter. Bank of New York Mellon Corp owned about 1.13% of Amplify Energy worth $3,030,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Amplify Energy by 7.1% during the first quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock valued at $16,021,000 after purchasing an additional 159,699 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Amplify Energy during the 1st quarter worth about $904,000. Empowered Funds LLC raised its stake in shares of Amplify Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 130,522 shares of the company’s stock worth $863,000 after purchasing an additional 9,800 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Amplify Energy in the 1st quarter valued at approximately $605,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Amplify Energy by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock valued at $526,000 after acquiring an additional 2,274 shares in the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners raised their target price on 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 1.1 %

AMPY stock opened at $6.35 on Monday. The company has a market cap of $251.54 million, a P/E ratio of 8.70 and a beta of 1.95. Amplify Energy Corp. has a twelve month low of $3.56 and a twelve 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. The business has a fifty day moving average of $7.03 and a 200-day moving average of $6.67.

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

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.