Looking To Buy Amplify Energy Corp. (AMPY)? Read This First

Amplify Energy Corp. (NYSE:AMPY) saw an upside of 6.20% on Friday at $5.65 after adding $0.33. The 5-day average trading volume is 707,206 shares of the company’s common stock. It has gained $5.75 in the past week and touched a new high 4 times within the past 5 days. An average of 425,436 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 399,165.

AMPY’s 1-month performance is 45.36% or $1.92 on its low of $3.59 reached on 09/09/21. The company’s shares have touched a 52-week low of $0.62 and high of $5.40, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, AMPY has achieved 306.11% or $4.33 and has reached a new high 26 times. However, the current price is up 4.63%% from the 52-week high price.


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Insider Transactions

On Aug 09, 53 days have gone by since the last insider trading activity for Amplify Energy Corp. (AMPY). Smiley Richard (See Remarks) most recently sold 30,000 shares at $3.69 per share on Aug 09. This transaction cost the insider $110,700. See Remarks, Lopez Anthony William, sold 18,000 shares at a price of $3.41 on Mar 15. Then, on Mar 12, See Remarks DuBard Denise sold 13,284 shares at a price of $3.40 per share. This transaction amounted to $45,205.

Valuation Metrics

Amplify Energy Corp. (AMPY) has a trailing price-to-earnings (P/E) ratio of 14.38 for the broader industry and 18.34 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 13.08 and a low of 2.288. AMPY stock has a beta of 4.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.77 while the price to cash flow ratio at 3.01.

Amplify Energy Corp.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50 meaning that AMPY stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 56.50% while for the period ending June 29; Amplify Energy Corp.’s operating margin was -37.10%. The firm’s gross profit as reported stood at -$441.89 million against revenue of $202.14 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Amplify Energy Corp.’s return on assets over the past 12 months stands at -27.60%. Return on investment over the past year is -195.60%, while its return on equity (ROE) trailing 12 months is 257.90%.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.25% to $80.39 million, while revenue of $72.47 million was 9.85% off the previous quarter. Analysts expected AMPY to announce $0.18 per share in earnings in its latest quarter, but it posted -$1.07, representing a -694.40% surprise. EBITDA for the quarter stood at more than -$29.74 million. AMPY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 482.7 million, with total debt at $236.78 million

Technical Picture

Let’s look briefly at Amplify Energy Corp. (AMPY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 87.54% to suggest the stock is trending Overbought, with historical volatility in this time period at 24.81%.

The stock’s 5-day moving average is $5.16, reflecting a +26.45% or $1.18 change from its current price. AMPY is currently trading +47.64% above its 20-day SMA, +87.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +66.86% and +354.82% respectively.

Stochastic %K and %D was 94.47% and 92.37% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 81.19%, while the 14-day stochastic is at 94.49% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at 0.61 and 0.86 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Amplify Energy Corp. (NYSE: AMPY), ROTH Capital launched coverage with a Buy rating. Analysts offering their rating for AMPY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AMPY as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is AMPY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.20 and a high of $6.20, with their median price target at $6.20. Looking at these predictions, the average price target given by analysts is for Amplify Energy Corp. (AMPY) stock is $6.20.

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