nVerses Capital LLC Acquires New Shares in Amplify Energy Corp. (NYSE:AMPY)

nVerses Capital LLC bought a new position in shares of Amplify Energy Corp. (NYSE:AMPY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,700 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Amplify Energy during the 2nd quarter worth approximately $26,000. Panagora Asset Management Inc. grew its stake in shares of Amplify Energy by 10.6% during the second quarter. Panagora Asset Management Inc. now owns 275,542 shares of the company’s stock worth $1,868,000 after buying an additional 26,508 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Amplify Energy by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock worth $3,030,000 after buying an additional 44,431 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Amplify Energy by 167.5% in the 2nd quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock valued at $27,000 after acquiring an additional 2,522 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Amplify Energy during the 2nd quarter valued at $78,000. Institutional investors own 42.84% of the company’s stock.

Amplify Energy Stock Performance

Shares of Amplify Energy stock opened at $6.44 on Thursday. The stock has a market cap of $255.10 million, a price-to-earnings ratio of 8.82 and a beta of 1.95. Amplify Energy Corp. has a twelve month low of $3.56 and a twelve month high of $8.15. The company’s fifty day moving average is $7.10 and its 200 day moving average is $6.66. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.30.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). Amplify Energy had a return on equity of 7.40% and a net margin of 8.95%. The company had revenue of $79.50 million for the quarter, compared to the consensus estimate of $79.62 million. During the same quarter last year, the business earned $0.24 earnings per share. Sell-side analysts forecast that Amplify Energy Corp. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners lifted their price target on Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, August 9th.

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.