Proficio Capital Partners LLC Takes $73,000 Position in Amplify Energy Corp. (NYSE:AMPY)

Proficio Capital Partners LLC bought a new position in shares of Amplify Energy Corp. (NYSE:AMPY) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 12,168 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMPY. Quarry LP bought a new stake in Amplify Energy in the third quarter worth about $43,000. Quest Partners LLC purchased a new stake in shares of Amplify Energy during the 3rd quarter worth approximately $45,000. EP Wealth Advisors LLC bought a new stake in shares of Amplify Energy in the 3rd quarter worth approximately $69,000. Wellington Management Group LLP purchased a new position in Amplify Energy in the third quarter valued at approximately $70,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Amplify Energy in the third quarter valued at $76,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Trading Down 3.1 %

NYSE AMPY opened at $3.89 on Friday. The stock’s fifty day moving average price is $4.77 and its 200-day moving average price is $5.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $156.69 million, a P/E ratio of 2.52 and a beta of 1.88. Amplify Energy Corp. has a 12 month low of $3.54 and a 12 month high of $8.15.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million during the quarter, compared to the consensus estimate of $76.04 million. As a group, equities analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current fiscal year.

Insider Transactions at Amplify Energy

In other news, Director Todd R. Snyder bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $3.83 per share, with a total value of $95,750.00. Following the acquisition, the director now owns 108,416 shares of the company’s stock, valued at approximately $415,233.28. This represents a 29.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah G. Adams bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $4.14 per share, with a total value of $41,400.00. Following the transaction, the director now directly owns 61,961 shares of the company’s stock, valued at $256,518.54. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 50,000 shares of company stock worth $194,900 in the last ninety days. Insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Industrial Alliance Securities set a $8.50 price objective on shares of Amplify Energy in a research report on Friday, March 7th. Benchmark restated a “buy” rating and set a $11.00 target price on shares of Amplify Energy in a report on Thursday, January 16th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th.

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.