Foundry Partners LLC Boosts Stock Position in Amplify Energy Corp. (NYSE:AMPY)

Foundry Partners LLC lifted its holdings in Amplify Energy Corp. (NYSE:AMPY) by 1.0% in the third quarter, HoldingsChannel reports. The firm owned 570,770 shares of the company’s stock after purchasing an additional 5,410 shares during the quarter. Foundry Partners LLC’s holdings in Amplify Energy were worth $3,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Amplify Energy in the second quarter valued at $26,000. Fortitude Family Office LLC grew its holdings in shares of Amplify Energy by 167.5% in the second quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock valued at $27,000 after purchasing an additional 2,522 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Amplify Energy in the third quarter valued at $45,000. nVerses Capital LLC purchased a new position in shares of Amplify Energy in the second quarter valued at $52,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Amplify Energy during the first quarter worth $67,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMPY has been the subject of several recent analyst reports. Alliance Global Partners lifted their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Friday, August 9th. Benchmark reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research note on Wednesday, October 16th.

Amplify Energy Stock Up 2.0 %

NYSE AMPY opened at $6.77 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.69. The firm has a market capitalization of $269.24 million, a price-to-earnings ratio of 4.40 and a beta of 1.93. Amplify Energy Corp. has a 52 week low of $3.56 and a 52 week high of $8.15.

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.