Amplify Energy Corp. (NYSE:AMPY) Sees Large Drop in Short Interest

Amplify Energy Corp. (NYSE:AMPY) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 896,100 shares, a decrease of 9.1% from the October 31st total of 985,700 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 283,200 shares, the days-to-cover ratio is currently 3.2 days.

Amplify Energy Stock Up 0.9 %

Shares of AMPY stock traded up $0.06 during trading hours on Tuesday, reaching $6.68. The company had a trading volume of 185,414 shares, compared to its average volume of 457,304. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. Amplify Energy has a twelve month low of $3.56 and a twelve month high of $8.15. The company has a market capitalization of $265.66 million, a P/E ratio of 4.34 and a beta of 1.95. The stock’s fifty day simple moving average is $6.71 and its 200 day simple moving average is $6.70.

Analyst Upgrades and Downgrades

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

Institutional Trading of Amplify Energy

Several large investors have recently made changes to their positions in AMPY. 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. Price T Rowe Associates Inc. MD bought a new position in shares of Amplify Energy in the 1st quarter valued at about $67,000. Simplicity Wealth LLC bought a new position in Amplify Energy during the second quarter worth about $78,000. Fortitude Family Office LLC grew its holdings in Amplify Energy by 167.5% during 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 period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Amplify Energy by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 446,939 shares of the company’s stock worth $3,030,000 after acquiring an additional 44,431 shares during the period. 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.