Mirae Asset Global Investments Co. Ltd. lessened its stake in Amplify Energy Corp. (NYSE:AMPY – Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,794 shares of the company’s stock after selling 1,644 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Amplify Energy were worth $98,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Amplify Energy by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock worth $118,000 after purchasing an additional 4,266 shares during the period. Janney Montgomery Scott LLC grew its position in Amplify Energy by 73.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,368 shares of the company’s stock worth $459,000 after purchasing an additional 32,645 shares during the period. Foundry Partners LLC grew its position in Amplify Energy by 5.1% in the 4th quarter. Foundry Partners LLC now owns 575,055 shares of the company’s stock worth $3,410,000 after purchasing an additional 27,765 shares during the period. Federated Hermes Inc. grew its position in Amplify Energy by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock worth $699,000 after purchasing an additional 3,599 shares during the period. Finally, New York State Common Retirement Fund grew its position in Amplify Energy by 11.1% in the 4th quarter. New York State Common Retirement Fund now owns 72,128 shares of the company’s stock worth $428,000 after purchasing an additional 7,220 shares during the period. Institutional investors own 42.84% of the company’s stock.
Amplify Energy Trading Down 0.5 %
Shares of Amplify Energy stock opened at $7.32 on Monday. The company’s fifty day simple moving average is $6.43 and its 200-day simple moving average is $6.40. The stock has a market capitalization of $289.95 million, a PE ratio of 10.03 and a beta of 1.90. Amplify Energy Corp. has a 1-year low of $3.56 and a 1-year high of $8.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.79 and a quick ratio of 0.79.
Amplify Energy (NYSE:AMPY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.47). Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. The business had revenue of $76.30 million for the quarter, compared to analysts’ expectations of $76.36 million. During the same quarter in the prior year, the business earned ($0.06) EPS. As a group, equities analysts anticipate that Amplify Energy Corp. will post 1.35 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Benchmark started coverage on shares of Amplify Energy in a research report on Thursday, May 2nd. They issued a “buy” rating and a $11.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $9.50 price target on shares of Amplify Energy in a research note on Friday, April 12th.
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.
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