Amplify Energy Corp. (NYSE:AMPY) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 117,853 shares of the company’s stock after purchasing an additional 3,599 shares during the quarter. Federated Hermes Inc.’s holdings in Amplify Energy were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Amplify Energy by 332.4% during the third quarter. AQR Capital Management LLC now owns 710,508 shares of the company’s stock worth $5,222,000 after purchasing an additional 546,209 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Amplify Energy during the third quarter worth $4,023,000. Bank of New York Mellon Corp raised its holdings in shares of Amplify Energy by 14.7% during the third quarter. Bank of New York Mellon Corp now owns 380,489 shares of the company’s stock worth $2,797,000 after purchasing an additional 48,729 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Amplify Energy during the third quarter worth $2,670,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Amplify Energy by 29.8% during the third quarter. Panagora Asset Management Inc. now owns 288,442 shares of the company’s stock worth $2,120,000 after purchasing an additional 66,186 shares during the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMPY has been the subject of several recent research reports. Alliance Global Partners started coverage on shares of Amplify Energy in a report on Monday, January 22nd. They set a “buy” rating and a $9.00 target price for the company. Benchmark started coverage on shares of Amplify Energy in a report on Thursday. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective on shares of Amplify Energy in a report on Friday, April 12th.

Amplify Energy Stock Up 5.2 %

AMPY opened at $7.07 on Friday. Amplify Energy Corp. has a fifty-two week low of $3.56 and a fifty-two week high of $8.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $6.57 and a two-hundred day moving average of $6.34. The stock has a market capitalization of $280.04 million, a price-to-earnings ratio of 0.73 and a beta of 2.02.

Amplify Energy (NYSE:AMPY) last released its earnings results on Wednesday, March 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.86. The business had revenue of $78.99 million during the quarter, compared to analysts’ expectations of $73.33 million. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. On average, research analysts expect that Amplify Energy Corp. will post 1.15 earnings per share for the current 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.