Is it Right Time Pull the Trigger on Amplify Energy Corp. [AMPY] Stock?

Amplify Energy Corp. [AMPY] shares are down more than -77.03% this year and recently increased 0.14% or $0.19 to settle at $1.38. Analysts expect AMPY to grow earnings at a 15.00% annual rate over the next 5 years. AMPY has a short ratio of 3.29. This implies that the market is currently less bullish on the outlook for AMPY.

On 18, November 2020, Amplify Energy Announces Successful Borrowing Base Reaffirmation. According to news published on Yahoo Finance, Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has completed the regularly scheduled semi-annual redetermination of its revolving credit facility (“RCF”) borrowing base and entered into an amendment to its credit agreement. The redetermination reaffirmed the borrowing base at $260 million. The next regularly scheduled borrowing base redetermination is expected to occur in April 2021.

Analyst Birdseye View:

The most recent analyst activity for Amplify Energy Corp. [NYSE:AMPY] stock was on November 14, 2019, when it was Initiated with an Outperform rating from Northland Capital, which also raised its 12-month price target on the stock to $10. Before that, on November 22, 2019, ROTH Capital Recapitulated a Buy rating and elevated its amount target to $10.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.49 and a peak of $7.58. Right now, according to Wall Street analyst the average 12-month amount target is $2.88. At the most recent market close, shares of Amplify Energy Corp. [NYSE:AMPY] were valued at $1.38.

FUNDAMENTAL ANALYSIS

Amplify Energy Corp. [NYSE:AMPY] most recently reported quarterly sales of 52.74 billion, which represented growth of -27.80%. This publicly-traded organization’s revenue is $1,198,152 per employee, while its income is -$153,030 per employee. This company’s Gross Margin is currently 43.30%, its Pretax Margin is -12.79, and its Net Margin is -12.77. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -4.75, -7.21, 2.44 and -5.47 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 40.00 and the whole liability to whole assets at 32.98. It shows enduring liability to the whole principal at 39.76 and enduring liability to assets at 0.33 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.1133 points at 1st support level, the second support level is making up to 1.0367. But as of 1st resistance point, this stock is sitting at 1.2333 and at 1.2767 for 2nd resistance point.

Amplify Energy Corp. [AMPY] reported its earnings at $0.3 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.24/share signifying the difference of 0.06 and 25.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.62 calling estimates for -$0.05/share with the difference of 0.67 depicting the surprise of 1,340.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Amplify Energy Corp. [NYSE:AMPY] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.01. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.70 and it’s amount to book ratio is 0.57.

Insider Stories

The most recent insider trade was by FIR TREE CAPITAL MANAGEMENT LP, Director, and it was the sale of 16916.0 shares on Dec 02. FIR TREE CAPITAL MANAGEMENT LP, the Director, completed a sale of 50134.0 shares on Dec 01. On Nov 30, FIR TREE CAPITAL MANAGEMENT LP, Director, completed a sale of 78897.0 shares.