MetLife Investment Management LLC Raises Stake in Amplify Energy Corp. $AMPY

MetLife Investment Management LLC lifted its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 31.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,035 shares of the company’s stock after purchasing an additional 5,063 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Amplify Energy worth $79,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMPY. BNP Paribas Financial Markets purchased a new stake in shares of Amplify Energy during the 4th quarter valued at about $38,000. ProShare Advisors LLC purchased a new stake in shares of Amplify Energy during the 4th quarter valued at about $66,000. Virtu Financial LLC raised its holdings in shares of Amplify Energy by 62.3% during the 1st quarter. Virtu Financial LLC now owns 20,577 shares of the company’s stock valued at $77,000 after buying an additional 7,896 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Amplify Energy by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,929 shares of the company’s stock valued at $90,000 after buying an additional 2,367 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Amplify Energy by 125.6% during the 1st quarter. Invesco Ltd. now owns 24,524 shares of the company’s stock valued at $92,000 after buying an additional 13,654 shares during the period. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Amplify Energy from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Alliance Global Partners assumed coverage on Amplify Energy in a report on Monday, June 30th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of Amplify Energy in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $8.50.

Amplify Energy Price Performance

AMPY stock opened at $3.99 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $7.35. The stock’s 50 day moving average is $3.73 and its two-hundred day moving average is $3.45. The company has a market capitalization of $161.27 million, a PE ratio of 11.39 and a beta of 0.52.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). Amplify Energy had a return on equity of 6.61% and a net margin of 5.64%.The business had revenue of $68.36 million for the quarter, compared to analysts’ expectations of $68.51 million. Analysts predict that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amplify Energy news, insider James Frew acquired 25,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $3.70 per share, for a total transaction of $92,500.00. Following the acquisition, the insider directly owned 129,222 shares of the company’s stock, valued at $478,121.40. This trade represents a 23.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint D. Coghill acquired 65,494 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $254,771.66. Following the completion of the acquisition, the director directly owned 3,504,347 shares in the company, valued at $13,631,909.83. The trade was a 1.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 652,176 shares of company stock worth $2,437,581 in the last three months. 10.30% of the stock is owned by 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.