683 Capital Management LLC Invests $862,000 in Amplify Energy Corp. $AMPY

683 Capital Management LLC bought a new position in shares of Amplify Energy Corp. (NYSE:AMPY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 188,679 shares of the company’s stock, valued at approximately $862,000.

Several other hedge funds have also modified their holdings of AMPY. Strs Ohio purchased a new stake in shares of Amplify Energy during the 1st quarter worth about $36,000. Hudson Bay Capital Management LP purchased a new position in Amplify Energy during the second quarter valued at $38,000. Kathmere Capital Management LLC purchased a new position in Amplify Energy during the fourth quarter valued at $48,000. Banque Cantonale Vaudoise purchased a new position in Amplify Energy during the third quarter valued at $53,000. Finally, Focus Partners Wealth purchased a new position in Amplify Energy during the first quarter valued at $54,000. 42.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMPY shares. Weiss Ratings downgraded shares of Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen downgraded shares of Amplify Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

Amplify Energy Trading Down 0.4%

Amplify Energy stock opened at $4.07 on Thursday. Amplify Energy Corp. has a 12-month low of $3.11 and a 12-month high of $6.79. The stock has a market cap of $167.84 million, a P/E ratio of 20.33 and a beta of -0.21. The company has a 50-day moving average price of $5.22 and a 200 day moving average price of $5.29.

Amplify Energy (NYSE:AMPY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.99). Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.The firm had revenue of $37.46 million for the quarter, compared to analyst estimates of $38.11 million.

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.