The stock of Amplify Energy Corp. (NYSE:AMPY) increased by $0.02 on Friday to finish at $7.19, up 0.28 percent. The last five days have seen an average of 1,188,320 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.60. The average number of shares traded over the last 20 days was 635,620, while the average volume over the last 50 days totaled 547,374.
AMPY stock appreciated 4.05% since last month. On 07/14/23, the company’s shares reached a one-month low of $6.54. The stock touched a high of $10.38 on 03/03/23, after rallying from a low of $5.62 in 52 weeks. The price of AMPY stock has declined by -18.20% or -$1.60 this year, reaching a new high 8 times. Still, the stock price is down -30.73% 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 52 days ago on Jun 23. On Jun 23, VICE PRESIDENT & CAO Dulany Eric Edward sold 3,000 shares at $6.45 each. This transaction resulted in the insider making $19,350. On Jun 12, Willsher Martyn sold 26,599 shares at a price of US$6.85. After the transaction, the insider now owns 120,438 shares. Director Hamm Christopher W. had earlier bought 20,000 shares on Mar 15 for $6.65 a share. The transaction was completed for $133,000.
Valuation Metrics
Amplify Energy Corp. (AMPY) has a trailing price-to-earnings (P/E) ratio of 0.63. Beta for the stock is 2.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 0.78, and the price-to-cash flow ratio of 3.09.
Company paid $0.10 per share in dividends, a decrease of -50.0% from $0.20 last year.
Financial Health
For the three months ended June 29, Amplify Energy Corp.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.34. As far as profitability goes, gross margin for the trailing twelve months is 69.10% percent. Amplify Energy Corp.’s EBITDA margin for the year ended June 29 was 50.88%, whereas its operating margin stood at 47.80% for the same period. Based on annual data, it had gross profit of $71.99 million and revenue of $458.46 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 38.80% return on investment (ROI) in the past year.
Earnings Surprise
According to Amplify Energy Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $71.97 million, while revenues fell by -69.21% to $79.87 million. It was predicted that Amplify Energy Corp.’s quarterly earnings would be $0.24, but it ended up being $0.07, beating the consensus by 242.90%. EBITDA was $13.97 million for the quarter. At the end of Amplify Energy Corp.’s most recent quarter ended June 29, its liabilities totaled 357.34 million, while its total debt was $127.28 million. Equity owned by shareholders amounts to $39.06 million.
Technical Picture
Here’s a quick look at Amplify Energy Corp.’s (AMPY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 49.52%, suggesting the stock is Neutral, with a 30.95% historical volatility rate.
The stochastic %K and %D were 31.38% and 53.73% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 29.17%, the RSI (14) reading is 52.43%. On the 9-day MACD Oscillator, the stock is at -0.17, and the 14-day reading is at -0.05.
Analyst Ratings
In its most recent analyst report, ROTH Capital raised its rating on Amplify Energy Corp. (NYSE: AMPY) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Amplify Energy Corp. (AMPY) an Buy rating. AMPY is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is AMPY’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $11.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for Amplify Energy Corp. (AMPY) is $11.00.
