SG Americas Securities LLC Takes Position in Amplify Energy Corp. (NYSE:AMPY)

SG Americas Securities LLC acquired a new position in shares of Amplify Energy Corp. (NYSE:AMPY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,554 shares of the company’s stock, valued at approximately $89,000.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in Amplify Energy during the 2nd quarter worth $26,000. Fortitude Family Office LLC lifted its position in shares of 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 purchasing an additional 2,522 shares during the last quarter. nVerses Capital LLC bought a new stake in Amplify Energy during the 2nd quarter valued at approximately $52,000. Price T Rowe Associates Inc. MD acquired a new stake in Amplify Energy in the 1st quarter valued at approximately $67,000. Finally, Diversified Trust Co bought a new position in Amplify Energy in the 1st quarter worth approximately $73,000. 42.84% of the stock is owned by institutional investors.

Amplify Energy Trading Down 2.6 %

Shares of AMPY opened at $6.58 on Tuesday. The stock’s 50-day moving average price is $6.72 and its 200 day moving average price is $6.74. 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 firm has a market capitalization of $261.29 million, a price-to-earnings ratio of 9.96 and a beta of 1.94. Amplify Energy Corp. has a 12-month low of $3.56 and a 12-month high of $8.15.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, August 7th. The company reported $0.17 EPS 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 firm had revenue of $79.50 million during the quarter, compared to analyst estimates of $79.62 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, research analysts predict that Amplify Energy Corp. will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a research report on Wednesday, October 16th. Alliance Global Partners upped their target price on shares of Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, August 9th.

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.