Rhumbline Advisers Increases Stock Position in Amplify Energy Corp. (NYSE:AMPY)

Rhumbline Advisers boosted its holdings in Amplify Energy Corp. (NYSE:AMPY) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,030 shares of the company’s stock after buying an additional 3,580 shares during the period. Rhumbline Advisers owned approximately 0.26% of Amplify Energy worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMPY. Quarry LP purchased a new position in shares of Amplify Energy in the third quarter valued at $43,000. Quest Partners LLC purchased a new position in Amplify Energy during the 3rd quarter valued at about $45,000. Creative Planning bought a new stake in shares of Amplify Energy during the third quarter valued at about $67,000. EP Wealth Advisors LLC purchased a new stake in shares of Amplify Energy in the third quarter worth about $69,000. Finally, Wellington Management Group LLP bought a new position in shares of Amplify Energy in the third quarter valued at approximately $70,000. Institutional investors own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Price Performance

NYSE:AMPY opened at $3.78 on Friday. The firm has a market capitalization of $150.41 million, a price-to-earnings ratio of 2.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $5.48 and a 200 day moving average of $6.22. Amplify Energy Corp. has a 52-week low of $3.54 and a 52-week high of $8.15.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The business had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. On average, research analysts expect that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

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.