Foundry Partners LLC Has $3.75 Million Stock Holdings in Amplify Energy Corp. (NYSE:AMPY)

Foundry Partners LLC lifted its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 624,730 shares of the company’s stock after purchasing an additional 53,960 shares during the quarter. Foundry Partners LLC owned 1.57% of Amplify Energy worth $3,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMPY. Quarry LP acquired a new stake in Amplify Energy during the third quarter worth about $43,000. EP Wealth Advisors LLC bought a new position in Amplify Energy in the third quarter valued at approximately $69,000. Wellington Management Group LLP bought a new position in Amplify Energy in the third quarter valued at approximately $70,000. Proficio Capital Partners LLC acquired a new position in Amplify Energy during the fourth quarter valued at approximately $73,000. Finally, Quantinno Capital Management LP bought a new stake in Amplify Energy during the third quarter worth $76,000. Institutional investors own 42.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Amplify Energy Stock Down 10.9 %

Shares of NYSE AMPY opened at $2.91 on Friday. Amplify Energy Corp. has a 1 year low of $2.76 and a 1 year high of $8.15. 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 firm has a market cap of $117.17 million, a PE ratio of 1.89 and a beta of 1.33. The company has a 50 day simple moving average of $4.55 and a 200 day simple moving average of $5.78.

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

Insider Buying and Selling

In other Amplify Energy news, Director Deborah G. Adams bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $4.14 per share, for a total transaction of $41,400.00. Following the transaction, the director now directly owns 61,961 shares in the company, valued at approximately $256,518.54. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Frew purchased 15,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $57,750.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Insiders have purchased a total of 50,000 shares of company stock valued at $194,900 over the last ninety days. 1.96% of the stock is owned by company insiders.

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.