Amplify Energy Corp. (NYSE:AMPY) Shares Sold by LSV Asset Management

LSV Asset Management reduced its holdings in Amplify Energy Corp. (NYSE:AMPY) by 33.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,100 shares of the company’s stock after selling 32,300 shares during the quarter. LSV Asset Management owned 0.16% of Amplify Energy worth $385,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMPY. Wellington Management Group LLP acquired a new stake in Amplify Energy in the third quarter worth approximately $70,000. Invesco Ltd. acquired a new stake in shares of Amplify Energy in the fourth quarter valued at $65,000. Quantinno Capital Management LP bought a new position in Amplify Energy during the third quarter valued at about $76,000. Proficio Capital Partners LLC acquired a new position in Amplify Energy during the fourth quarter worth about $73,000. Finally, Virtu Financial LLC acquired a new stake in Amplify Energy in the 4th quarter valued at about $76,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on AMPY. Benchmark reiterated a “buy” rating and issued a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Alliance Global Partners reaffirmed a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a research note on Friday, March 7th.

Insider Transactions at Amplify Energy

In related news, Director Todd R. Snyder bought 25,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.83 per share, for a total transaction of $95,750.00. Following the transaction, the director now directly owns 108,416 shares in the company, valued at $415,233.28. This represents a 29.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Frew purchased 15,000 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $3.85 per share, for a total transaction of $57,750.00. Following the completion of the acquisition, the insider now owns 54,222 shares in the company, valued at $208,754.70. This represents a 38.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 50,000 shares of company stock valued at $194,900 over the last three months. 1.96% of the stock is owned by corporate insiders.

Amplify Energy Trading Up 5.4 %

NYSE AMPY opened at $2.43 on Wednesday. The firm’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $5.53. The stock has a market cap of $97.81 million, a price-to-earnings ratio of 1.57 and a beta of 1.33. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $8.15. 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 (NYSE:AMPY) last posted 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). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. Equities analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Amplify Energy Company 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.