Fortitude Family Office LLC Purchases 2,522 Shares of Amplify Energy Corp. (NYSE:AMPY)

Fortitude Family Office LLC increased its holdings in Amplify Energy Corp. (NYSE:AMPY) by 167.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,028 shares of the company’s stock after buying an additional 2,522 shares during the period. Fortitude Family Office LLC’s holdings in Amplify Energy were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jacobs Levy Equity Management Inc. bought a new stake in Amplify Energy in the first quarter worth about $904,000. Janney Montgomery Scott LLC lifted its stake in Amplify Energy by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock valued at $526,000 after purchasing an additional 2,274 shares during the last quarter. SG Americas Securities LLC grew its holdings in Amplify Energy by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 19,909 shares of the company’s stock valued at $118,000 after purchasing an additional 4,266 shares during the period. Empowered Funds LLC grew its holdings in Amplify Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 130,522 shares of the company’s stock valued at $863,000 after purchasing an additional 9,800 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of Amplify Energy by 5.1% in the fourth quarter. Foundry Partners LLC now owns 575,055 shares of the company’s stock valued at $3,410,000 after buying an additional 27,765 shares during the period. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AMPY. Benchmark began coverage on Amplify Energy in a research note on Thursday, May 2nd. They set a “buy” rating and a $11.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $9.50 price objective on shares of Amplify Energy in a report on Friday, April 12th.

Amplify Energy Stock Performance

Shares of Amplify Energy stock traded up $1.01 during trading hours on Thursday, reaching $7.51. The company had a trading volume of 1,268,188 shares, compared to its average volume of 543,484. The firm has a market cap of $297.49 million, a PE ratio of 10.29 and a beta of 1.90. Amplify Energy Corp. has a one year low of $3.56 and a one 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. The business has a fifty day simple moving average of $6.71 and a 200 day simple moving average of $6.53.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $79.50 million during the quarter, compared to the consensus estimate of $79.62 million. Amplify Energy had a return on equity of 8.29% and a net margin of 10.06%. During the same quarter in the prior year, the business earned $0.24 EPS. On average, analysts anticipate that Amplify Energy Corp. will post 1.28 earnings per share for the current fiscal year.

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.