Northland Securities assumed coverage on shares of Amplify Energy (OTCMKTS:AMPY) in a research note published on Monday morning, Stock Target Advisor reports. The firm issued a buy rating and a $10.00 target price on the stock.
Separately, Roth Capital assumed coverage on shares of Amplify Energy in a research note on Friday, November 22nd. They set a buy rating and a $10.50 price target for the company.
Shares of OTCMKTS:AMPY opened at $5.18 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71. Amplify Energy has a 1-year low of $4.01 and a 1-year high of $13.23. The stock has a market capitalization of $207.09 million, a P/E ratio of 7.91 and a beta of 0.64. The business has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $5.97.
Amplify Energy (OTCMKTS:AMPY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter. Amplify Energy had a net margin of 6.27% and a return on equity of 5.15%. The company had revenue of $72.96 million for the quarter.
In other Amplify Energy news, Director Christopher W. Hamm sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $54.68, for a total transaction of $273,400.00. Also, major shareholder Brigade Capital Management, Lp sold 500,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $5.37, for a total value of $2,685,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 544,592 shares of company stock valued at $3,218,639 in the last ninety days. Company insiders own 0.84% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Amplify Energy in the 2nd quarter valued at approximately $311,000. Factorial Partners LLC bought a new position in Amplify Energy during the 2nd quarter worth approximately $328,000. Meeder Asset Management Inc. acquired a new position in Amplify Energy during the third quarter valued at approximately $99,000. Bailard Inc. acquired a new position in Amplify Energy during the third quarter valued at approximately $145,000. Finally, Rhumbline Advisers acquired a new position in Amplify Energy during the third quarter valued at approximately $138,000. 0.27% of the stock is owned by institutional investors.
About Amplify Energy
Amplify Energy Corp. 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 the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.
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