Quest Partners LLC Makes New $45,000 Investment in Amplify Energy Corp. (NYSE:AMPY)

Quest Partners LLC bought a new stake in Amplify Energy Corp. (NYSE:AMPY) during the 3rd quarter, HoldingsChannel reports. The fund bought 6,884 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Amplify Energy during the 2nd quarter valued at about $26,000. Fortitude Family Office LLC lifted its stake in Amplify Energy by 167.5% in the second quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock worth $27,000 after purchasing an additional 2,522 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Amplify Energy during the second quarter valued at approximately $52,000. Price T Rowe Associates Inc. MD bought a new position in shares of Amplify Energy during the first quarter valued at approximately $67,000. Finally, Creative Planning purchased a new stake in shares of Amplify Energy in the third quarter worth approximately $67,000. Institutional investors own 42.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMPY. Benchmark restated a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a report on Wednesday, October 16th. Alliance Global Partners lifted their target price on Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, August 9th.

Amplify Energy Price Performance

Shares of AMPY stock opened at $6.71 on Friday. The company has a market capitalization of $266.86 million, a P/E ratio of 4.36 and a beta of 1.93. The company’s 50-day simple moving average is $6.71 and its two-hundred day simple moving average is $6.69. Amplify Energy Corp. has a one year low of $3.56 and a one year high of $8.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06.

Amplify Energy Company 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.