Wellington Management Group LLP Has $157,000 Stake in Amplify Energy Corp. (NYSE:AMPY)

Wellington Management Group LLP grew its holdings in Amplify Energy Corp. (NYSE:AMPY) by 144.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,093 shares of the company’s stock after purchasing an additional 15,406 shares during the quarter. Wellington Management Group LLP owned about 0.07% of Amplify Energy worth $157,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP bought a new position in Amplify Energy in the 3rd quarter valued at $76,000. Proficio Capital Partners LLC bought a new position in Amplify Energy in the fourth quarter valued at about $73,000. Virtu Financial LLC acquired a new stake in Amplify Energy in the fourth quarter worth about $76,000. SG Americas Securities LLC raised its holdings in Amplify Energy by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $110,000 after purchasing an additional 4,720 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Amplify Energy by 68.3% during the 4th quarter. Bleakley Financial Group LLC now owns 18,908 shares of the company’s stock worth $113,000 after purchasing an additional 7,671 shares during the last quarter. Institutional investors own 42.84% of the company’s stock.

Amplify Energy Stock Up 5.4 %

Amplify Energy stock opened at $2.43 on Wednesday. The firm has a market capitalization of $97.81 million, a price-to-earnings ratio of 1.57 and a beta of 1.33. The company’s 50 day simple moving average is $4.04 and its 200 day simple moving average is $5.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. Amplify Energy Corp. has a fifty-two week low of $2.27 and a fifty-two week high of $8.15.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The firm had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. As a group, sell-side analysts anticipate that Amplify Energy Corp. will post 1.25 EPS for the current year.

Analyst Ratings Changes

AMPY has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research note on Thursday, January 16th. Industrial Alliance Securities set a $8.50 target price on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a research report on Friday, March 7th.

Insider Buying and Selling at Amplify Energy

In related news, insider James Frew acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the transaction, the insider now owns 54,222 shares of the company’s stock, valued at $208,754.70. The trade was a 38.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah G. Adams bought 10,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $4.14 per share, with a total value of $41,400.00. Following the acquisition, the director now owns 61,961 shares in the company, valued at approximately $256,518.54. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 50,000 shares of company stock valued at $194,900. Company insiders own 1.96% of the company’s stock.

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.