CSM Advisors LLC Lowers Holdings in Amplify Energy Corp. $AMPY

CSM Advisors LLC lowered its holdings in Amplify Energy Corp. (NYSE:AMPY) by 27.0% in the third quarter, HoldingsChannel reports. The firm owned 803,325 shares of the company’s stock after selling 296,670 shares during the quarter. CSM Advisors LLC’s holdings in Amplify Energy were worth $4,217,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in Amplify Energy by 9.0% during the 2nd quarter. American Century Companies Inc. now owns 1,313,218 shares of the company’s stock worth $4,202,000 after buying an additional 108,850 shares in the last quarter. Truffle Hound Capital LLC purchased a new stake in shares of Amplify Energy during the second quarter worth $2,560,000. AQR Capital Management LLC raised its stake in shares of Amplify Energy by 38.4% in the first quarter. AQR Capital Management LLC now owns 393,489 shares of the company’s stock valued at $1,472,000 after acquiring an additional 109,187 shares in the last quarter. RBF Capital LLC acquired a new stake in shares of Amplify Energy in the second quarter valued at $960,000. Finally, Ameriprise Financial Inc. boosted its holdings in Amplify Energy by 716.4% in the second quarter. Ameriprise Financial Inc. now owns 234,305 shares of the company’s stock valued at $750,000 after purchasing an additional 205,606 shares during the period. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMPY shares. Wall Street Zen upgraded Amplify Energy from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Amplify Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Amplify Energy Price Performance

Amplify Energy stock opened at $6.54 on Monday. The stock has a market cap of $269.63 million, a PE ratio of 6.67 and a beta of -0.15. The stock’s fifty day moving average is $5.21 and its two-hundred day moving average is $4.96. Amplify Energy Corp. has a 1-year low of $2.27 and a 1-year high of $6.79.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.45). Amplify Energy had a negative return on equity of 4.10% and a net margin of 16.69%.The business had revenue of $56.55 million for the quarter, compared to analyst estimates of $71.07 million. On average, research analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

About Amplify Energy

Amplify Energy Corp (NYSE: AMPY) is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company’s operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company’s asset portfolio is concentrated along the U.S.