How Does Wall Street Rate Shares Of Amplify Energy Corp. (AMPY)?

Amplify Energy Corp. (NYSE:AMPY) saw an upside of 0.88% to close Friday at $3.43 after adding $0.03 on the day. The 5-day average trading volume is 19,415,059 shares of the company’s common stock. It has gained $3.75 in the past week. An average of 5,264,120 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,315,948.

AMPY’s 1-month performance is -6.28% or -$0.22 on its low of $2.70 reached on 10/04/21. The company’s shares have touched a 52-week low of $0.62 and high of $5.78, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, AMPY has achieved 161.83% or $2.12. However, the current price is down -40.66%% from the 52-week high price.

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Insider Transactions

On Aug 09, 63 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 18.90 for the broader industry and 19.33 for the sector. 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 3.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.49 while the price to cash flow ratio at 1.93.

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 not able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 56.50%. The trailing 12-month EBITDA margin is 10.85% 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.

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. Shareholders hold equity totaling $37.99 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 08 October was 40.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 318.21%.

The stock’s 5-day moving average is $3.23, reflecting a -40.35% or -$2.32 change from its current price. AMPY is currently trading -5.25% above its 20-day SMA, -4.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.39% and +154.07% respectively.

Stochastic %K and %D was 17.64% and 15.44% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 43.26%, while the 14-day stochastic is at 23.70% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.90 and -0.97 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Amplify Energy Corp. (NYSE: AMPY), ROTH Capital downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for AMPY stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AMPY as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 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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