Public Employees Retirement System of Ohio Buys 74,310 Shares of Amplify Energy Corp. $AMPY

Public Employees Retirement System of Ohio lifted its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 1,017.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,610 shares of the company’s stock after purchasing an additional 74,310 shares during the quarter. Public Employees Retirement System of Ohio owned 0.20% of Amplify Energy worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in shares of Amplify Energy by 11.9% during the 1st quarter. Rhumbline Advisers now owns 114,161 shares of the company’s stock valued at $427,000 after purchasing an additional 12,131 shares during the last quarter. Strs Ohio bought a new stake in Amplify Energy during the 1st quarter worth approximately $36,000. Acadian Asset Management LLC grew its holdings in Amplify Energy by 71.6% during the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company’s stock worth $2,388,000 after acquiring an additional 266,947 shares during the last quarter. Focus Partners Wealth bought a new stake in Amplify Energy during the 1st quarter worth approximately $54,000. Finally, Jane Street Group LLC grew its holdings in Amplify Energy by 14.6% during the 1st quarter. Jane Street Group LLC now owns 99,440 shares of the company’s stock worth $372,000 after acquiring an additional 12,655 shares during the last quarter. 42.84% of the stock is owned by institutional investors.

Amplify Energy Trading Up 1.4%

NYSE:AMPY opened at $5.09 on Tuesday. The firm’s fifty day moving average is $4.21 and its 200-day moving average is $3.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. Amplify Energy Corp. has a 52 week low of $2.27 and a 52 week high of $7.35. The firm has a market cap of $205.99 million, a P/E ratio of 14.54 and a beta of 0.44.

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

Insiders Place Their Bets

In related news, insider James Frew bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $3.50 per share, for a total transaction of $175,000.00. Following the transaction, the insider directly owned 104,222 shares of the company’s stock, valued at approximately $364,777. The trade was a 92.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clint D. Coghill bought 167,086 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $3.88 per share, for a total transaction of $648,293.68. Following the transaction, the director directly owned 3,438,853 shares in the company, valued at $13,342,749.64. This trade represents a 5.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 425,000 shares of company stock worth $1,603,845 in the last quarter. 10.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMPY. Alliance Global Partners began coverage on shares of Amplify Energy in a report on Monday, June 30th. They set a “buy” rating and a $6.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Amplify Energy in a report on Saturday, September 27th. Finally, Benchmark reissued 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 and one has given a Hold rating to the company. According to MarketBeat, Amplify Energy presently has an average rating of “Moderate Buy” and an average target price of $8.50.

Amplify Energy Company 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.