Squarepoint Ops LLC Takes $327,000 Position in Amplify Energy Corp. (NYSE:AMPY)

Squarepoint Ops LLC acquired a new stake in Amplify Energy Corp. (NYSE:AMPY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,237 shares of the company’s stock, valued at approximately $327,000. Squarepoint Ops LLC owned about 0.12% of Amplify Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMPY. American Century Companies Inc. grew its stake in Amplify Energy by 422.6% during the 2nd quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock worth $2,613,000 after buying an additional 311,646 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Amplify Energy by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock worth $15,086,000 after buying an additional 251,898 shares during the last quarter. Acadian Asset Management LLC grew its stake in Amplify Energy by 87.3% during the 2nd quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock worth $2,835,000 after buying an additional 195,059 shares during the last quarter. Vanguard Group Inc. grew 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 buying an additional 159,699 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Amplify Energy during the 1st quarter worth approximately $904,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners increased their price objective on Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, August 9th.

Amplify Energy Stock Performance

Shares of AMPY stock opened at $7.04 on Friday. The stock has a fifty day moving average price of $6.79 and a 200 day moving average price of $6.76. The stock has a market cap of $279.77 million, a PE ratio of 10.67 and a beta of 1.94. Amplify Energy Corp. has a 1 year low of $3.56 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.84.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share 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 analysts’ expectations 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 previous year, the business posted $0.24 EPS. Sell-side analysts forecast that Amplify Energy Corp. will post 1.16 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.