Prudential Financial Inc. Sells 52,900 Shares of Amplify Energy Corp. (NYSE:AMPY)

Prudential Financial Inc. lowered its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 545,550 shares of the company’s stock after selling 52,900 shares during the period. Prudential Financial Inc. owned approximately 1.37% of Amplify Energy worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Amplify Energy by 26.8% during the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after purchasing an additional 229,608 shares during the period. Geode Capital Management LLC boosted its position in shares of Amplify Energy by 3.5% during the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after purchasing an additional 29,988 shares in the last quarter. State Street Corp grew its holdings in shares of Amplify Energy by 2.1% in the 3rd quarter. State Street Corp now owns 805,211 shares of the company’s stock valued at $5,258,000 after buying an additional 16,885 shares during the period. Empowered Funds LLC increased its position in shares of Amplify Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 155,622 shares of the company’s stock valued at $934,000 after buying an additional 7,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Amplify Energy by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock worth $740,000 after buying an additional 4,454 shares during the period. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amplify Energy

In related news, Director Deborah G. Adams purchased 10,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $4.14 per share, with a total value of $41,400.00. Following the transaction, the director now directly owns 61,961 shares of the company’s stock, valued at $256,518.54. This trade represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Frew acquired 15,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $3.85 per share, with a total value of $57,750.00. Following the acquisition, the insider now owns 54,222 shares in the company, valued at $208,754.70. The trade was a 38.24 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 50,000 shares of company stock worth $194,900. Insiders own 1.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMPY shares. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Benchmark restated a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Finally, Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research note on Friday, March 7th.

Amplify Energy Stock Down 3.9 %

AMPY stock opened at $3.71 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $149.64 million, a P/E ratio of 2.41 and a beta of 1.88. Amplify Energy Corp. has a fifty-two week low of $3.54 and a fifty-two week high of $8.15. The business has a 50-day moving average of $4.65 and a 200-day moving average of $5.83.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 16.22% and a net margin of 20.99%. On average, sell-side analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share 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.