Amplify Energy Corp. (NYSE:AMPY) Shares Sold by Intrust Bank NA

Intrust Bank NA lessened its holdings in shares of Amplify Energy Corp. (NYSE:AMPY) by 11.8% in the fourth quarter, HoldingsChannel reports. The fund owned 40,901 shares of the company’s stock after selling 5,492 shares during the period. Intrust Bank NA’s holdings in Amplify Energy were worth $243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AMPY. AQR Capital Management LLC lifted its holdings in shares of Amplify Energy by 332.4% in the third quarter. AQR Capital Management LLC now owns 710,508 shares of the company’s stock valued at $5,222,000 after buying an additional 546,209 shares during the period. Foundry Partners LLC grew its holdings in Amplify Energy by 5.1% during the fourth quarter. Foundry Partners LLC now owns 575,055 shares of the company’s stock worth $3,410,000 after acquiring an additional 27,765 shares during the period. Bank of New York Mellon Corp raised its position in Amplify Energy by 14.7% in the third quarter. Bank of New York Mellon Corp now owns 380,489 shares of the company’s stock worth $2,797,000 after acquiring an additional 48,729 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Amplify Energy in the 3rd quarter valued at about $2,670,000. Finally, Panagora Asset Management Inc. lifted its holdings in Amplify Energy by 29.8% in the 3rd quarter. Panagora Asset Management Inc. now owns 288,442 shares of the company’s stock valued at $2,120,000 after acquiring an additional 66,186 shares during the last quarter. 42.84% of the stock is currently owned by institutional investors.

Amplify Energy Trading Down 4.8 %

NYSE:AMPY opened at $6.72 on Thursday. The stock has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $6.34. The firm has a market capitalization of $266.18 million, a price-to-earnings ratio of 0.70 and a beta of 2.02. Amplify Energy Corp. has a 1-year low of $3.56 and a 1-year high of $8.21. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.29.

Amplify Energy (NYSE:AMPY) last announced its earnings results on Wednesday, March 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.21 by $0.86. The company had revenue of $78.99 million during the quarter, compared to analysts’ expectations of $73.33 million. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. Sell-side analysts forecast that Amplify Energy Corp. will post 1.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMPY shares. Roth Mkm reissued a “buy” rating and set a $9.50 target price on shares of Amplify Energy in a research note on Friday, April 12th. Alliance Global Partners initiated coverage on Amplify Energy in a research report on Monday, January 22nd. They set a “buy” rating and a $9.00 price objective for the company.

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.