Tower Research Capital LLC TRC Boosts Holdings in Amplify Energy Corp. (NYSE:AMPY)

Tower Research Capital LLC TRC grew its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 154.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,481 shares of the company’s stock after purchasing an additional 5,145 shares during the period. Tower Research Capital LLC TRC’s holdings in Amplify Energy were worth $50,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Amplify Energy in the third quarter worth $53,000. Quadrature Capital Ltd bought a new stake in shares of Amplify Energy in the third quarter worth $111,000. SG Americas Securities LLC bought a new stake in shares of Amplify Energy in the third quarter worth $115,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Amplify Energy by 11.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,438 shares of the company’s stock worth $121,000 after buying an additional 1,644 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Amplify Energy in the third quarter worth $129,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMPY. Alliance Global Partners assumed 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. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective on shares of Amplify Energy in a report on Friday, April 12th.

Amplify Energy Stock Performance

Amplify Energy stock traded down $0.41 during mid-day trading on Tuesday, reaching $7.06. The company’s stock had a trading volume of 524,187 shares, compared to its average volume of 584,838. The firm has a market cap of $279.45 million, a price-to-earnings ratio of 0.73 and a beta of 2.10. The business has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a twelve month low of $3.56 and a twelve month high of $8.21.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings data on Wednesday, March 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.86. The firm had revenue of $78.99 million during the quarter, compared to the consensus estimate of $73.33 million. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. Sell-side analysts predict that Amplify Energy Corp. will post 1.15 EPS 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.