Amplify Energy (NYSE:AMPY) Receives New Coverage from Analysts at Benchmark

Benchmark initiated coverage on shares of Amplify Energy (NYSE:AMPY) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $11.00 price objective on the stock.

A number of other research analysts also recently issued reports on the stock. Roth Mkm reiterated a buy rating and set a $9.50 target price on shares of Amplify Energy in a research report on Friday, April 12th. Alliance Global Partners initiated coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They issued a buy rating and a $9.00 price target for the company.

Amplify Energy Stock Down 0.1 %

Shares of NYSE:AMPY opened at $7.06 on Thursday. Amplify Energy 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 0.29, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day moving average is $6.61 and its 200-day moving average is $6.35. The company has a market capitalization of $279.65 million, a price-to-earnings ratio of 0.73 and a beta of 2.03.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.86. The business had revenue of $78.99 million during the quarter, compared to the consensus estimate of $73.33 million. Amplify Energy had a return on equity of 10.50% and a net margin of 122.36%. Equities research analysts predict that Amplify Energy will post 1.15 earnings per share for the current year.

Institutional Trading of Amplify Energy

Several hedge funds have recently bought and sold shares of AMPY. Mirae Asset Global Investments Co. Ltd. boosted its stake in Amplify Energy by 11.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,438 shares of the company’s stock valued at $121,000 after purchasing an additional 1,644 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Amplify Energy by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 79,642 shares of the company’s stock valued at $526,000 after buying an additional 2,274 shares during the last quarter. Federated Hermes Inc. grew its holdings in Amplify Energy by 3.1% during the fourth quarter. Federated Hermes Inc. now owns 117,853 shares of the company’s stock worth $699,000 after buying an additional 3,599 shares in the last quarter. SG Americas Securities LLC raised 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 valued at $118,000 after buying an additional 4,266 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Amplify Energy by 154.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock valued at $50,000 after buying an additional 5,145 shares during the last quarter. Institutional investors and hedge funds own 42.84% of the company’s stock.

About Amplify Energy

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.