Amplify Energy (NYSE:AMPY) Receives “Buy” Rating from Benchmark

Amplify Energy (NYSE:AMPY)‘s stock had its “buy” rating restated by analysts at Benchmark in a research note issued on Thursday,Benzinga reports. They currently have a $11.00 price objective on the stock. Benchmark’s price target would indicate a potential upside of 84.25% from the stock’s current price.

Amplify Energy Price Performance

NYSE AMPY opened at $5.97 on Thursday. The company’s 50 day moving average is $6.34 and its two-hundred day moving average is $6.69. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $237.43 million, a price-to-earnings ratio of 3.88 and a beta of 1.95. Amplify Energy has a 12 month low of $3.56 and a 12 month high of $8.15.

Institutional Investors Weigh In On Amplify Energy

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Amplify Energy by 4.3% in the second quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock worth $673,000 after acquiring an additional 4,050 shares during the period. American Century Companies Inc. lifted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Amplify Energy by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,225,071 shares of the company’s stock worth $15,086,000 after purchasing an additional 251,898 shares during the period. Marshall Wace LLP grew its holdings in Amplify Energy by 295.6% during the 2nd quarter. Marshall Wace LLP now owns 56,970 shares of the company’s stock valued at $386,000 after buying an additional 42,570 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Amplify Energy during the second quarter valued at approximately $327,000. Hedge funds and other 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.