AQR Capital Management LLC Has $5.02 Million Stake in Amplify Energy Corp. (NYSE:AMPY)

AQR Capital Management LLC reduced its stake in shares of Amplify Energy Corp. (NYSE:AMPY) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,380 shares of the company’s stock after selling 61,668 shares during the quarter. AQR Capital Management LLC owned 1.87% of Amplify Energy worth $5,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMPY. American Century Companies Inc. grew its holdings in shares of Amplify Energy by 422.6% in the 2nd quarter. American Century Companies Inc. now owns 385,397 shares of the company’s stock worth $2,613,000 after purchasing an additional 311,646 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Amplify Energy by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock worth $15,086,000 after buying an additional 251,898 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Amplify Energy by 87.3% in the second quarter. Acadian Asset Management LLC now owns 418,444 shares of the company’s stock valued at $2,835,000 after acquiring an additional 195,059 shares during the last quarter. Vanguard Group Inc. grew its position in Amplify Energy by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 2,423,704 shares of the company’s stock worth $16,021,000 after acquiring an additional 159,699 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Amplify Energy during the 1st quarter valued at $904,000. 42.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners boosted their price objective on Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Amplify Energy Price Performance

AMPY opened at $7.09 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $280.85 million, a P/E ratio of 9.71 and a beta of 1.95. The company’s 50 day simple moving average is $6.82 and its 200-day simple moving average is $6.73. Amplify Energy Corp. has a one year low of $3.56 and a one year high of $8.15.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The firm had revenue of $79.50 million during the quarter, compared to the consensus estimate of $79.62 million. Amplify Energy had a net margin of 8.95% and a return on equity of 7.40%. During the same quarter in the previous year, the business posted $0.24 earnings per share. Sell-side analysts anticipate that Amplify Energy Corp. will post 1.16 earnings per share for the current fiscal year.

Amplify Energy Profile

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.