Amplify Energy Corp. (NYSE:AMPY) finished Wednesday with a subtraction of -$0.35 to close at $7.25, a downside of -4.61 percent. An average of 1,096,940 shares of common stock have been traded in the last five days. There was a fall of -$0.06 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 599,660 shares traded, while the 50-day average volume stands at 522,684.
AMPY stock has increased by 5.84% in the last month. The company shares reached their 1-month lowest point of $6.54 on 07/14/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $5.62 and a high of $10.38 in 52 weeks. It has reached a new high 8 times so far this year and lost -17.52% or -$1.54 in price. In spite of this, the price is down -30.15% from the 52-week high.
Insider Transactions
AMPY stock investors should be aware that Amplify Energy Corp. (AMPY) stock had its last reported insider trading activity 48 days ago on Jun 23. In this transaction, the insider spent $19,350. PRESIDENT, CEO, Willsher Martyn, disposed of 26,599 shares at a price of $6.85 on Jun 12. The insider now owns more than $182,216 worth of shares.
Valuation Metrics
Amplify Energy Corp. (AMPY) has a trailing price-to-earnings (P/E) ratio of 0.64. The stock’s beta is 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 0.81.
Financial Health
The quick ratio of Amplify Energy Corp. for the three months ended March 30 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.36 for the quarter ending March 30. Amplify Energy Corp.’s EBITDA margin for the year ending March 30 is 50.88%. Its gross profit as reported stood at $71.99 million compared to revenue of $458.46 million.
Earnings Surprise
For the three-month period that ended March 30, Amplify Energy Corp. had $120.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $9.38 million in the quarter, while revenues of $352.76 million were shrunk -211.51%. The analyst consensus anticipated Amplify Energy Corp.’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $8.69, a 5,331.20% surprise. For the quarter, EBITDA amounted to $13.97 million. Shareholders own equity worth $39.06 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 09 August was 52.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.89%.
As of today, AMPY’s price is $7.45 -0.82% or -$0.06 from its 5-day moving average. AMPY is currently trading +5.69% higher than its 20-day SMA and +4.17% higher than its 100-day SMA. However, the stock’s current price level is +0.42% above the SMA50 and -22.79% below the SMA200.
The stochastic %K and %D were 76.24% and 87.43%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 36.21% and the average true range at 0.32, the RSI (14) stands at 54.26%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.28.
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 $11.00 and $11.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Amplify Energy Corp. (AMPY) stock is $11.00.
