Rhumbline Advisers Raises Stake in Amplify Energy Corp. (NYSE:AMPY)

Rhumbline Advisers boosted its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,236 shares of the company’s stock after buying an additional 4,050 shares during the quarter. Rhumbline Advisers owned 0.25% of Amplify Energy worth $673,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Amplify Energy by 7.1% during the first quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock worth $16,021,000 after purchasing an additional 159,699 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Amplify Energy in the 1st quarter worth approximately $904,000. GSA Capital Partners LLP purchased a new position in shares of Amplify Energy in the first quarter valued at $605,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Amplify Energy in the first quarter valued at approximately $335,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Amplify Energy by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock worth $3,030,000 after acquiring an additional 44,431 shares during the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

Analyst Ratings Changes

Separately, Alliance Global Partners increased their price objective on 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 Stock Down 1.0 %

Shares of NYSE AMPY opened at $6.60 on Wednesday. The firm’s 50 day moving average price is $6.97 and its 200 day moving average price is $6.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $261.24 million, a P/E ratio of 9.03 and a beta of 1.95. Amplify Energy Corp. has a 1 year low of $3.56 and a 1 year high of $8.15.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings data 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 return on equity of 7.40% and a net margin of 8.95%. The firm had revenue of $79.50 million for the quarter, compared to analyst estimates of $79.62 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. As a group, sell-side analysts anticipate that Amplify Energy Corp. will post 1.16 earnings per share for the current 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.