Marshall Wace LLP Has $386,000 Holdings in Amplify Energy Corp. (NYSE:AMPY)

Marshall Wace LLP grew its stake in Amplify Energy Corp. (NYSE:AMPY) by 295.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,970 shares of the company’s stock after acquiring an additional 42,570 shares during the period. Marshall Wace LLP owned 0.14% of Amplify Energy worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted 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 buying an additional 2,274 shares during the period. Fortitude Family Office LLC boosted its stake in Amplify Energy by 167.5% during the 2nd quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock worth $27,000 after acquiring an additional 2,522 shares during the last quarter. Innealta Capital LLC bought a new position in Amplify Energy during the 2nd quarter worth approximately $26,000. Rhumbline Advisers grew its holdings in 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 purchasing an additional 4,050 shares during the period. Finally, nVerses Capital LLC bought a new stake in Amplify Energy in the second quarter valued at approximately $52,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Amplify Energy Trading Down 0.3 %

NYSE:AMPY opened at $6.90 on Friday. The business’s 50-day simple moving average is $6.79 and its 200-day simple moving average is $6.75. 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 debt-to-equity ratio of 0.30, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $273.32 million, a PE ratio of 9.45 and a beta of 1.94.

Amplify Energy (NYSE:AMPY) last issued 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). The company had revenue of $79.50 million for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.24 EPS. Sell-side analysts expect that Amplify Energy Corp. will post 1.16 earnings per share for the current fiscal year.

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 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.