New York State Common Retirement Fund Raises Position in Amplify Energy Corp. (NYSE:AMPY)

New York State Common Retirement Fund raised its holdings in shares of Amplify Energy Corp. (NYSE:AMPYFree Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,128 shares of the company’s stock after buying an additional 7,220 shares during the period. New York State Common Retirement Fund’s holdings in Amplify Energy were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMPY. Foundry Partners LLC increased its stake in shares of Amplify Energy by 5.1% in the fourth quarter. Foundry Partners LLC now owns 575,055 shares of the company’s stock worth $3,410,000 after buying an additional 27,765 shares during the period. Federated Hermes Inc. increased its position in shares of Amplify Energy by 3.1% in the fourth quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock valued at $699,000 after acquiring an additional 3,599 shares during the period. SG Americas Securities LLC increased its position in shares of Amplify Energy by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock valued at $118,000 after acquiring an additional 4,266 shares during the period. Graham Capital Management L.P. raised its stake in shares of Amplify Energy by 29.4% during the third 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 last quarter. Finally, AQR Capital Management LLC boosted 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 period. 42.84% of the stock is owned by institutional investors.

Amplify Energy Price Performance

AMPY stock opened at $6.14 on Thursday. The firm has a 50-day moving average of $6.69 and a 200 day moving average of $6.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $243.22 million, a P/E ratio of 8.41 and a beta of 2.03. Amplify Energy Corp. has a 1 year low of $3.56 and a 1 year high of $8.21.

Amplify Energy (NYSE:AMPYGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.47). Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. The firm had revenue of $76.30 million during the quarter, compared to the consensus estimate of $76.36 million. During the same period in the prior year, the company posted ($0.06) EPS. On average, sell-side analysts forecast that Amplify Energy Corp. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

AMPY has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target on shares of Amplify Energy in a research report on Friday, April 12th. Alliance Global Partners assumed coverage on Amplify Energy in a report on Monday, January 22nd. They set a “buy” rating and a $9.00 target price for the company. Finally, Benchmark began coverage on shares of Amplify Energy in a report on Thursday, May 2nd. They issued a “buy” rating and a $11.00 price target on the stock.

Check Out Our Latest Stock Report on Amplify Energy

About Amplify Energy

(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.

Further Reading

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Institutional Ownership by Quarter for Amplify Energy (NYSE:AMPY)

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