Amplify Energy (NYSE:AMPY) Coverage Initiated at Alliance Global Partners

Alliance Global Partners started coverage on shares of Amplify Energy (NYSE:AMPYFree Report) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $9.00 price objective on the stock.

Amplify Energy Trading Up 3.5 %

Shares of AMPY opened at $6.40 on Monday. The business has a 50-day moving average of $6.00 and a 200 day moving average of $6.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 0.72. Amplify Energy has a fifty-two week low of $5.47 and a fifty-two week high of $10.23. The firm has a market cap of $250.04 million, a P/E ratio of 0.69 and a beta of 2.16.

Amplify Energy (NYSE:AMPYGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.54). Amplify Energy had a net margin of 110.76% and a return on equity of 9.30%. The company had revenue of $76.77 million for the quarter, compared to analysts’ expectations of $74.31 million. As a group, research analysts forecast that Amplify Energy will post -0.04 EPS for the current year.

Insider Activity

In other Amplify Energy news, COO Daniel Furbee purchased 10,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $6.10 per share, for a total transaction of $61,000.00. Following the completion of the transaction, the chief operating officer now owns 10,000 shares of the company’s stock, valued at approximately $61,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Amplify Energy

Several large investors have recently added to or reduced their stakes in AMPY. SG Americas Securities LLC raised its stake in shares of Amplify Energy by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock worth $118,000 after purchasing an additional 4,266 shares during the last quarter. American Century Companies Inc. raised its stake in Amplify Energy by 75.5% during the third quarter. American Century Companies Inc. now owns 20,844 shares of the company’s stock worth $153,000 after purchasing an additional 8,969 shares during the period. Deutsche Bank AG increased its stake in Amplify Energy by 34.6% during the third quarter. Deutsche Bank AG now owns 19,413 shares of the company’s stock worth $143,000 after acquiring an additional 4,987 shares during the last quarter. Graham Capital Management L.P. raised its stake in shares of Amplify Energy by 29.4% in the 3rd quarter. Graham Capital Management L.P. now owns 34,998 shares of the company’s stock valued at $257,000 after acquiring an additional 7,962 shares during the period. Finally, GTS Securities LLC purchased a new stake in shares of Amplify Energy in the third quarter worth about $134,000. 40.71% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Company Profile

(Get Free Report)

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.

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