Amplify Energy Corp. (NYSE:AMPY) Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its holdings in Amplify Energy Corp. (NYSE:AMPY) by 35.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,788 shares of the company’s stock after acquiring an additional 16,928 shares during the quarter. Bank of America Corp DE owned 0.16% of Amplify Energy worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AMPY. Dimensional Fund Advisors LP lifted its position in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company’s stock worth $14,779,000 after purchasing an additional 88,707 shares in the last quarter. Rangeley Capital LLC purchased a new stake in shares of Amplify Energy in the fourth quarter worth approximately $8,154,000. American Century Companies Inc. lifted its position in shares of Amplify Energy by 26.8% in the fourth quarter. American Century Companies Inc. now owns 1,085,645 shares of the company’s stock worth $6,514,000 after purchasing an additional 229,608 shares in the last quarter. Foundry Partners LLC increased its holdings in Amplify Energy by 9.5% in the fourth quarter. Foundry Partners LLC now owns 624,730 shares of the company’s stock worth $3,748,000 after buying an additional 53,960 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in Amplify Energy in the fourth quarter worth approximately $2,197,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMPY has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research report on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a research report on Friday, March 7th. Finally, Wall Street Zen lowered shares of Amplify Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

Insider Transactions at Amplify Energy

In related news, insider Daniel Furbee acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were bought at an average price of $2.97 per share, for a total transaction of $29,700.00. Following the purchase, the insider now directly owns 49,238 shares in the company, valued at approximately $146,236.86. This trade represents a 25.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint D. Coghill purchased 31,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $105,400.00. Following the purchase, the director now owns 3,004,347 shares in the company, valued at $10,214,779.80. This trade represents a 1.04% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 314,000 shares of company stock worth $1,026,890. 10.30% of the stock is currently owned by company insiders.

Amplify Energy Stock Performance

Amplify Energy stock opened at $3.32 on Friday. The stock has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $4.42. The company has a quick ratio of 1.06, a current 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 market capitalization of $133.92 million, a price-to-earnings ratio of 2.16 and a beta of 0.44.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $72.05 million for the quarter, compared to the consensus estimate of $73.87 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. On average, research analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

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.