Invesco Ltd. Invests $65,000 in Amplify Energy Corp. (NYSE:AMPY)

Invesco Ltd. purchased a new stake in shares of Amplify Energy Corp. (NYSE:AMPY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,870 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Amplify Energy in the fourth quarter worth approximately $73,000. Virtu Financial LLC purchased a new stake in Amplify Energy in the 4th quarter worth approximately $76,000. ExodusPoint Capital Management LP acquired a new stake in shares of Amplify Energy during the 4th quarter valued at $105,000. SG Americas Securities LLC grew its holdings in shares of Amplify Energy by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock valued at $110,000 after acquiring an additional 4,720 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of Amplify Energy by 68.3% in the fourth quarter. Bleakley Financial Group LLC now owns 18,908 shares of the company’s stock worth $113,000 after acquiring an additional 7,671 shares during the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Insider Buying and Selling

In other Amplify Energy news, Director Todd R. Snyder purchased 25,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $3.83 per share, with a total value of $95,750.00. Following the transaction, the director now directly owns 108,416 shares in the company, valued at approximately $415,233.28. This represents a 29.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Deborah G. Adams purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the acquisition, the director now owns 61,961 shares of the company’s stock, valued at approximately $256,518.54. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 50,000 shares of company stock valued at $194,900. Company insiders own 1.96% of the company’s stock.

Amplify Energy Price Performance

NYSE AMPY opened at $2.61 on Tuesday. Amplify Energy Corp. has a fifty-two week low of $2.27 and a fifty-two week high of $8.15. The stock’s 50-day moving average is $3.33 and its two-hundred day moving average is $5.11. The firm has a market cap of $105.28 million, a P/E ratio of 1.69 and a beta of 0.37. 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 (NYSE:AMPY) last posted its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. The company had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. On average, analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a report on Friday, March 7th. Finally, Benchmark restated a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a report on Thursday, January 16th.

About Amplify Energy

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.