LSV Asset Management Has $385,000 Holdings in Amplify Energy Corp. (NYSE:AMPY)

LSV Asset Management cut its holdings in Amplify Energy Corp. (NYSE:AMPY) by 33.5% in the fourth quarter, HoldingsChannel reports. The firm owned 64,100 shares of the company’s stock after selling 32,300 shares during the period. LSV Asset Management’s holdings in Amplify Energy were worth $385,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Invesco Ltd. acquired a new stake in shares of Amplify Energy in the fourth quarter worth $65,000. Wellington Management Group LLP bought a new position in Amplify Energy in the 3rd quarter worth $70,000. Proficio Capital Partners LLC acquired a new position in Amplify Energy during the 4th quarter worth $73,000. Quantinno Capital Management LP bought a new stake in Amplify Energy during the third 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 and hedge funds.

Insider Transactions at Amplify Energy

In related news, insider James Frew acquired 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $3.85 per share, with a total value of $57,750.00. Following the completion of the acquisition, the insider now owns 54,222 shares in the company, valued at $208,754.70. The trade was a 38.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Deborah G. Adams purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $4.14 per share, with a total value of $41,400.00. Following the completion of the acquisition, the director now directly owns 61,961 shares in the company, valued at $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. In the last three months, insiders acquired 50,000 shares of company stock valued at $194,900. Company insiders own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Amplify Energy Stock Up 5.4 %

NYSE AMPY opened at $2.43 on Wednesday. The firm has a 50-day simple moving average of $4.04 and a 200 day simple moving average of $5.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $97.81 million, a PE ratio of 1.57 and a beta of 1.33. Amplify Energy Corp. has a twelve month low of $2.27 and a twelve month high of $8.15.

Amplify Energy (NYSE:AMPY) last issued its earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The firm had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. On average, research analysts forecast that Amplify Energy Corp. will post 1.25 EPS for the current 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.