How Amplify Energy Corp. (AMPY) Works From A Technical Perspective

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Amplify Energy Corp. (NYSE:AMPY) finished Friday with an addition of $0.24 to close at $8.79, an upside of 2.81 percent. An average of 629,660 shares of common stock have been traded in the last five days. There was a gain of $1.00 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 454,255 shares traded, while the 50-day average volume stands at 449,388.

AMPY stock has increased by 6.16% in the last month. The company shares reached their 1-month lowest point of $6.73 on 12/09/22. With the stock rallying to its 52-week high on 11/01/22, shares of the company touched a low of $3.05 and a high of $10.38 in 52 weeks. It has reached a new high 40 times so far this year and achieved 182.64% or $5.68 in price. In spite of this, the price is down -15.32% from the 52-week high.


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Valuation Metrics

Amplify Energy Corp. (AMPY) has a trailing price-to-earnings (P/E) ratio of 5.39. The stock’s beta is 2.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.69, and the price-to-cash flow ratio at 5.82.

Financial Health

The quick ratio of Amplify Energy Corp. for the three months ended September 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$25.61 million compared to revenue of $342.92 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amplify Energy Corp.’s return on assets was -4.50%.

Earnings Surprise

For the three-month period that ended September 29, Amplify Energy Corp. had $205.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $47.23 million in the quarter, while revenues of $29.22 million were grew 128.52%. The analyst consensus anticipated Amplify Energy Corp.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be -$0.35, a -234.60% surprise. For the quarter, EBITDA amounted to $57.61 million. Shareholders own equity worth $38.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amplify Energy Corp. (AMPY) price momentum. RSI 9-day as of the close on 30 December was 64.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.52%.

As of today, AMPY’s price is $8.63 +12.84% or $1.00 from its 5-day moving average. AMPY is currently trading +8.25% higher than its 20-day SMA and +44.10% higher than its 100-day SMA. However, the stock’s current price level is -5.08% below the SMA50 and +60.99% above the SMA200.

The stochastic %K and %D were 84.54% and 87.86%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 92.99% and the average true range at 0.47, the RSI (14) stands at 59.83%. The stock has reached 0.42 on the 9-day MACD Oscillator while the 14-day reading was at 0.74.

Analyst Ratings

ROTH Capital upgraded Amplify Energy Corp. (NYSE: AMPY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Amplify Energy Corp. (AMPY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMPY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $12.00 and $12.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Amplify Energy Corp. (AMPY) stock is $12.00.

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