Northland Securities initiated coverage on shares of Amplify Energy (OTCMKTS:AMPY) in a report released on Monday morning, TipRanks reports. The brokerage issued a buy rating and a $10.00 target price on the stock.
Separately, Roth Capital initiated coverage on Amplify Energy in a research note on Friday, November 22nd. They set a buy rating and a $10.50 target price on the stock.
OTCMKTS AMPY opened at $5.50 on Monday. Amplify Energy has a 52 week low of $4.01 and a 52 week high of $13.23. The company has a 50 day moving average price of $6.57 and a 200 day moving average price of $6.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $219.88 million, a PE ratio of 7.91 and a beta of 0.64.
Amplify Energy (OTCMKTS:AMPY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $72.96 million during the quarter. Amplify Energy had a net margin of 6.27% and a return on equity of 5.15%.
In related news, major shareholder Brigade Capital Management, Lp sold 25,276 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $6.56, for a total value of $165,810.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher W. Hamm sold 5,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $54.68, for a total value of $273,400.00. Insiders have sold 544,592 shares of company stock worth $3,218,639 in the last 90 days. Insiders own 0.84% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Amplify Energy during the 3rd quarter worth approximately $67,000. Meeder Asset Management Inc. purchased a new position in Amplify Energy during the third quarter worth approximately $99,000. Millennium Management LLC acquired a new stake in Amplify Energy in the third quarter valued at approximately $122,000. California State Teachers Retirement System purchased a new stake in shares of Amplify Energy in the third quarter valued at approximately $126,000. Finally, Full Sail Capital LLC purchased a new stake in shares of Amplify Energy in the third quarter valued at approximately $129,000. 0.27% of the stock is owned by institutional investors.
Amplify Energy Company Profile
Amplify Energy Corp. 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 the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and South Texas.
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