Northern Trust Corp Purchases 11,621 Shares of Amplify Energy Corp. (NYSE:AMPY)

Northern Trust Corp increased its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 363,646 shares of the company’s stock after buying an additional 11,621 shares during the quarter. Northern Trust Corp owned 0.91% of Amplify Energy worth $2,182,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock valued at $14,779,000 after purchasing an additional 88,707 shares in the last quarter. Rangeley Capital LLC bought a new position in Amplify Energy in the fourth quarter valued at approximately $8,154,000. American Century Companies Inc. grew its stake in Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock valued at $6,514,000 after purchasing an additional 229,608 shares in the last quarter. Foundry Partners LLC grew its stake in Amplify Energy by 9.5% in the fourth quarter. Foundry Partners LLC now owns 624,730 shares of the company’s stock valued at $3,748,000 after purchasing an additional 53,960 shares in the last quarter. Finally, Inlight Wealth Management LLC bought a new position in Amplify Energy in the fourth quarter valued at approximately $2,197,000. 42.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMPY. 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 objective on Amplify Energy in a research report on Friday, March 7th. Finally, Wall Street Zen upgraded Amplify Energy from a “sell” rating to a “hold” rating in a research note on Thursday.

Amplify Energy Stock Performance

Shares of NYSE AMPY opened at $2.70 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a 12 month low of $2.27 and a 12 month high of $8.15. The stock has a 50 day moving average of $2.95 and a 200-day moving average of $4.73. The company has a market capitalization of $108.71 million, a P/E ratio of 1.75 and a beta of 0.37.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Monday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. The business had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. As a group, equities research analysts predict that Amplify Energy Corp. will post 1.25 EPS for the current year.

Insider Transactions at Amplify Energy

In other news, insider James Frew purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $3.85 per share, with a total value of $57,750.00. Following the acquisition, the insider now owns 54,222 shares in the company, valued at approximately $208,754.70. This trade represents a 38.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd R. Snyder purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $3.83 per share, with a total value of $95,750.00. Following the completion of the acquisition, the director now owns 108,416 shares in the company, valued at $415,233.28. The trade was a 29.97% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 50,000 shares of company stock worth $194,900. 1.96% of the stock is owned by company insiders.

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.