Amplify Energy's (AMPY) Buy Rating Reaffirmed at Benchmark

Amplify Energy (NYSE:AMPY - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Benchmark in a research note issued on Thursday,Benzinga reports. They currently have a $11.00 target price on the stock. Benchmark's target price points to a potential upside of 87.87% from the stock's previous close.

Amplify Energy Price Performance

Shares of AMPY stock traded down $0.12 during trading hours on Thursday, hitting $5.86. 444,934 shares of the company's stock were exchanged, compared to its average volume of 359,833. Amplify Energy has a 52 week low of $3.56 and a 52 week high of $8.15. The stock has a market cap of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock's 50-day moving average is $6.34 and its 200-day moving average is $6.69.

Institutional Investors Weigh In On Amplify Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Amplify Energy by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company's stock valued at $15,086,000 after purchasing an additional 251,898 shares during the period. Geode Capital Management LLC lifted its holdings in Amplify Energy by 3.5% in the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company's stock valued at $5,772,000 after buying an additional 29,988 shares during the period. State Street Corp boosted its stake in Amplify Energy by 2.1% in the third quarter. State Street Corp now owns 805,211 shares of the company's stock valued at $5,258,000 after acquiring an additional 16,885 shares during the last quarter. Foundry Partners LLC grew its holdings in Amplify Energy by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 570,770 shares of the company's stock worth $3,727,000 after acquiring an additional 5,410 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Amplify Energy by 422.6% during the 2nd quarter. American Century Companies Inc. now owns 385,397 shares of the company's stock valued at $2,613,000 after acquiring an additional 311,646 shares during the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

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.