Benchmark Begins Coverage on Amplify Energy (NYSE:AMPY)

Benchmark initiated coverage on shares of Amplify Energy (NYSE:AMPY) in a report published on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $11.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Alliance Global Partners initiated coverage on shares of Amplify Energy in a report on Monday, January 22nd. They issued a buy rating and a $9.00 price objective on the stock. Roth Mkm reissued a buy rating and issued a $9.50 price target on shares of Amplify Energy in a research note on Friday, April 12th.

Amplify Energy Stock Down 0.1 %

NYSE AMPY opened at $7.06 on Thursday. The stock has a market capitalization of $279.65 million, a P/E ratio of 0.73 and a beta of 2.03. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $6.61 and a 200-day moving average of $6.35.

Amplify Energy (NYSE:AMPY) last announced 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 analyst estimates of $73.33 million. Amplify Energy had a return on equity of 10.50% and a net margin of 122.36%. On average, equities research analysts forecast that Amplify Energy will post 1.15 EPS for the current year.

Institutional Investors Weigh In On Amplify Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPY. Quantbot Technologies LP acquired a new stake in shares of Amplify Energy in the third quarter valued at about $53,000. Tower Research Capital LLC TRC increased its position in shares of Amplify Energy by 154.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after purchasing an additional 5,145 shares during the last quarter. Diversified Trust Co bought a new stake in Amplify Energy during the first quarter worth $73,000. Quadrature Capital Ltd bought a new stake in Amplify Energy during the third quarter worth $111,000. Finally, SG Americas Securities LLC bought a new position in shares of Amplify Energy in the 3rd quarter valued at about $115,000. 42.84% of the stock is owned by institutional investors.

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.