Exchange Traded Concepts LLC Buys Shares of 46,218 Amplify Energy Corp. (NYSE:AMPY)

Exchange Traded Concepts LLC bought a new position in shares of Amplify Energy Corp. (NYSE:AMPY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 46,218 shares of the company’s stock, valued at approximately $302,000. Exchange Traded Concepts LLC owned approximately 0.12% of Amplify Energy as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Amplify Energy in the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC increased its position in shares of Amplify Energy by 167.5% in the second quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock valued at $27,000 after buying an additional 2,522 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Amplify Energy during the 2nd quarter worth $52,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Amplify Energy in the 1st quarter worth about $67,000. Finally, Diversified Trust Co acquired a new stake in Amplify Energy in the 1st quarter valued at about $73,000. 42.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Alliance Global Partners lifted their target price on shares of Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Wednesday, October 16th.

Amplify Energy Price Performance

Shares of AMPY opened at $6.55 on Monday. The firm has a market cap of $259.46 million, a price-to-earnings ratio of 8.97 and a beta of 1.94. Amplify Energy Corp. has a 52 week low of $3.56 and a 52 week high of $8.15. The stock has a 50 day moving average of $6.78 and a 200-day moving average of $6.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30.

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 analysts’ consensus estimates of $0.31 by ($0.14). Amplify Energy had a net margin of 8.95% and a return on equity of 7.40%. The business had revenue of $79.50 million for the quarter, compared to the consensus estimate of $79.62 million. During the same period last year, the firm posted $0.24 EPS. As a group, analysts forecast 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.