Empowered Funds LLC Invests $1.09 Million in Amplify Energy Corp. $AMPY

Empowered Funds LLC bought a new stake in shares of Amplify Energy Corp. (NYSE:AMPY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 272,763 shares of the company’s stock, valued at approximately $1,086,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Amplify Energy during the second quarter valued at $9,800,000. Thomist Capital Management LP raised its position in shares of Amplify Energy by 109.8% in the fourth quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock worth $14,571,000 after acquiring an additional 1,647,130 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Amplify Energy in the first quarter worth about $5,390,000. Truffle Hound Capital LLC boosted its stake in shares of Amplify Energy by 56.2% during the 4th quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after acquiring an additional 450,000 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Amplify Energy during the 2nd quarter valued at about $1,655,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amplify Energy

In other news, insider James Frew acquired 25,000 shares of Amplify Energy stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $98,750.00. Following the acquisition, the insider owned 216,859 shares of the company’s stock, valued at $856,593.05. This trade represents a 13.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMPY. Benchmark reduced their price target on Amplify Energy from $11.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Weiss Ratings raised shares of Amplify Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Amplify Energy from a “strong sell” rating to a “hold” rating in a report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Amplify Energy presently has an average rating of “Hold” and a consensus price target of $9.00.

Amplify Energy Price Performance

Shares of Amplify Energy stock opened at $4.91 on Friday. The business has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $5.02. Amplify Energy Corp. has a 12 month low of $3.65 and a 12 month high of $6.79. The stock has a market capitalization of $203.57 million, a P/E ratio of 10.91 and a beta of -0.15.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Monday, August 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $52.69 million for the quarter, compared to analysts’ expectations of $43.61 million. Amplify Energy had a negative return on equity of 3.01% and a net margin of 10.62%.

Amplify Energy Profile

Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company’s asset portfolio is concentrated along the U.S.