Benchmark Reaffirms Buy Rating for Amplify Energy (NYSE:AMPY)

Benchmark reiterated their buy rating on shares of Amplify Energy (NYSE:AMPY) in a report released on Thursday morning,Benzinga reports. They currently have a $11.00 target price on the stock.

Amplify Energy Price Performance

Amplify Energy stock opened at $5.86 on Thursday. The company’s 50 day moving average is $6.34 and its two-hundred day moving average is $6.69. The firm has a market cap of $232.85 million, a PE ratio of 3.80 and a beta of 1.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy has a 52-week low of $3.56 and a 52-week high of $8.15.

Institutional Investors Weigh In On Amplify Energy

Large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its position in shares of Amplify Energy by 27.9% during the second quarter. Mackenzie Financial Corp now owns 17,347 shares of the company’s stock worth $118,000 after buying an additional 3,780 shares in the last quarter. Rhumbline Advisers grew its holdings in Amplify Energy by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock worth $673,000 after acquiring an additional 4,050 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Amplify Energy by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock valued at $740,000 after purchasing an additional 4,454 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Amplify Energy by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock valued at $3,727,000 after purchasing an additional 5,410 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Amplify Energy during the 3rd quarter worth $43,000. 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.