American Century Companies Inc. Raises Holdings in Amplify Energy Corp. (NYSE:AMPY)

American Century Companies Inc. lifted its stake in Amplify Energy Corp. (NYSE:AMPY - Free Report) by 26.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,085,645 shares of the company's stock after buying an additional 229,608 shares during the quarter. American Century Companies Inc. owned approximately 2.73% of Amplify Energy worth $6,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Amplify Energy by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company's stock valued at $740,000 after buying an additional 4,454 shares in the last quarter. FMR LLC boosted its position in shares of Amplify Energy by 139.2% during the 3rd quarter. FMR LLC now owns 27,686 shares of the company's stock valued at $181,000 after acquiring an additional 16,113 shares during the last quarter. Quarry LP purchased a new position in shares of Amplify Energy in the third quarter valued at $43,000. Quantinno Capital Management LP bought a new stake in Amplify Energy in the third quarter worth $76,000. Finally, State Street Corp raised its stake in Amplify Energy by 2.1% during the third quarter. State Street Corp now owns 805,211 shares of the company's stock valued at $5,258,000 after purchasing an additional 16,885 shares in the last quarter. Institutional investors own 42.84% of the company's stock.

Insider Buying and Selling at Amplify Energy

In other news, insider James Frew purchased 15,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $57,750.00. Following the completion of the acquisition, the insider now owns 54,222 shares of the company's stock, valued at approximately $208,754.70. This trade represents a 38.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Todd R. Snyder acquired 25,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $3.83 per share, for a total transaction of $95,750.00. Following the purchase, the director now owns 108,416 shares of the company's stock, valued at $415,233.28. This represents a 29.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 50,000 shares of company stock valued at $194,900 in the last quarter. 1.96% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on AMPY. Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a research report on Friday, March 7th. Finally, Benchmark restated a "buy" rating and set a $11.00 price objective on shares of Amplify Energy in a research report on Thursday, January 16th.

Amplify Energy Trading Down 10.9 %

Shares of AMPY stock traded down $0.36 during trading hours on Friday, reaching $2.91. 837,418 shares of the stock were exchanged, compared to its average volume of 400,150. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a 12-month low of $2.76 and a 12-month high of $8.15. The firm has a market capitalization of $117.17 million, a price-to-earnings ratio of 1.89 and a beta of 1.33. The company's 50-day moving average price is $4.55 and its 200-day moving average price is $5.78.

Amplify Energy (NYSE:AMPY - Get Free Report) last released 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). Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The business had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million. As a group, equities analysts anticipate that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Amplify Energy 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.