Roth Mkm Reaffirms “Buy” Rating for Amplify Energy (NYSE:AMPY)

Roth Mkm reaffirmed their buy rating on shares of Amplify Energy (NYSE:AMPY) in a report published on Friday morning, Benzinga reports. Roth Mkm currently has a $9.50 price objective on the stock.

Separately, Alliance Global Partners assumed coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They set a buy rating and a $9.00 target price on the stock.

Amplify Energy Trading Down 0.7 %

Shares of Amplify Energy stock opened at $7.04 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.02. Amplify Energy has a 1-year low of $3.56 and a 1-year high of $8.21. The company’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.32. The stock has a market capitalization of $278.85 million, a PE ratio of 0.73 and a beta of 2.10.

Amplify Energy (NYSE:AMPY) last released its earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.86. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. The company had revenue of $78.99 million for the quarter, compared to analysts’ expectations of $73.33 million. As a group, equities analysts anticipate that Amplify Energy will post 1.15 earnings per share for the current year.

Institutional Trading of Amplify Energy

Several hedge funds have recently bought and sold shares of AMPY. State of Wyoming purchased a new stake in Amplify Energy in the 2nd quarter worth $27,000. Quarry LP purchased a new stake in Amplify Energy in the 2nd quarter worth $29,000. Credit Suisse AG purchased a new stake in Amplify Energy in the 2nd quarter worth $40,000. ADAR1 Capital Management LLC purchased a new stake in Amplify Energy in the 4th quarter worth $42,000. Finally, Tower Research Capital LLC TRC lifted its stake in Amplify Energy by 154.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,481 shares of the company’s stock worth $50,000 after purchasing an additional 5,145 shares in the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

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.