17,499 Shares in Amplify Energy Corp. (NYSE:AMPY) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in shares of Amplify Energy Corp. (NYSE:AMPY) in the fourth quarter, HoldingsChannel reports. The fund purchased 17,499 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds also recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new position in Amplify Energy during the third quarter worth $69,000. Wellington Management Group LLP bought a new stake in Amplify Energy during the 3rd quarter worth about $70,000. Proficio Capital Partners LLC acquired a new position in shares of Amplify Energy during the 4th quarter worth about $73,000. Quantinno Capital Management LP bought a new position in shares of Amplify Energy in the 3rd quarter valued at about $76,000. Finally, Virtu Financial LLC acquired a new stake in shares of Amplify Energy in the fourth quarter valued at about $76,000. 42.84% of the stock is owned by institutional investors.

Amplify Energy Trading Down 3.8 %

Amplify Energy stock opened at $2.30 on Tuesday. The stock has a 50-day simple moving average of $4.10 and a 200 day simple moving average of $5.56. The stock has a market capitalization of $92.77 million, a P/E ratio of 1.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. Amplify Energy Corp. has a 52 week low of $2.27 and a 52 week high of $8.15.

Amplify Energy (NYSE:AMPY) last posted its earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. The business had revenue of $69.02 million for the quarter, compared to analyst estimates of $76.04 million. Analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Insider Activity

In related news, Director Todd R. Snyder purchased 25,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $3.83 per share, with a total value of $95,750.00. Following the acquisition, the director now directly owns 108,416 shares in the company, valued at $415,233.28. The trade was a 29.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Deborah G. Adams acquired 10,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $4.14 per share, with a total value of $41,400.00. Following the completion of the transaction, the director now directly owns 61,961 shares of the company’s stock, valued at approximately $256,518.54. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 50,000 shares of company stock valued at $194,900 over the last ninety days. 1.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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