Proficio Capital Partners LLC Acquires Shares of 12,168 Amplify Energy Corp. (NYSE:AMPY)

Proficio Capital Partners LLC bought a new position in shares of Amplify Energy Corp. (NYSE:AMPY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,168 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds also recently made changes to their positions in AMPY. Barclays PLC grew its stake in Amplify Energy by 272.4% during the third quarter. Barclays PLC now owns 52,159 shares of the company’s stock worth $341,000 after buying an additional 38,151 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Amplify Energy during the 3rd quarter worth approximately $70,000. Geode Capital Management LLC boosted its position in shares of Amplify Energy by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after acquiring an additional 29,988 shares in the last quarter. Empowered Funds LLC raised its position in Amplify Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 155,622 shares of the company’s stock valued at $934,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in Amplify Energy by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock valued at $415,000 after purchasing an additional 2,765 shares in the last quarter. 42.84% of the stock is owned by institutional investors.

Insider Activity

In related news, insider James Frew bought 15,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the transaction, the insider now directly owns 54,222 shares in the company, valued at approximately $208,754.70. This trade represents a 38.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah G. Adams bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the acquisition, the director now directly owns 61,961 shares in the company, valued at approximately $256,518.54. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 50,000 shares of company stock valued at $194,900. 1.96% of the stock is currently owned by corporate insiders.

Amplify Energy Stock Performance

NYSE AMPY opened at $3.75 on Friday. The firm’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $6.12. The stock has a market cap of $151.05 million, a PE ratio of 2.43 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. Amplify Energy Corp. has a fifty-two week low of $3.54 and a fifty-two week high of $8.15.

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

Wall Street Analyst Weigh In

AMPY has been the topic of several recent analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a research note on Thursday, January 16th. Finally, Industrial Alliance Securities set a $8.50 target price on Amplify Energy in a research note on Friday, March 7th.

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.