A share price of Amplify Energy Corp. [AMPY] is currently trading at $6.26, up 2.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMPY shares have gain 3.64% over the last week, with a monthly amount glided 6.83%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Amplify Energy Announces Fourth Quarter and Full-Year 2023 Results, Year-End 2023 Proved Reserves and Full-Year 2024 Guidance. In a post published today on Yahoo Finance, Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the fourth quarter and full-year 2023, year-end 2023 proved reserves and guidance for full-year 2024.
From an analyst’s perspective:
Amplify Energy Corp. [NYSE: AMPY] stock has seen the most recent analyst activity on January 22, 2024, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $9. Previously, ROTH Capital upgraded its rating to Buy on October 28, 2022, and kept the price target unchanged to $12. On October 04, 2021, downgrade downgraded it’s rating to Neutral. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $10.50 on November 22, 2019. Northland Capital initiated its recommendation with a Outperform and recommended $10 as its price target on November 14, 2019.
Amplify Energy Corp. experienced fluctuations in its stock price throughout the past year between $5.47 and $10.07. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Amplify Energy Corp. [NYSE: AMPY] shares were valued at $6.26 at the most recent close of the market. An investor can expect a potential return of 91.69% based on the average AMPY price forecast.
Analyzing the AMPY fundamentals
Trailing Twelve Months sales for Amplify Energy Corp. [NYSE:AMPY] were 307.60M which represents -20.17% decline. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.7%, Pretax Profit Margin comes in at 0.65%, and Net Profit Margin reading is 0.55%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.45 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.08 points at the first support level, and at 5.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.45, and for the 2nd resistance point, it is at 6.65.
Amplify Energy Corp. [AMPY] reported earnings per share of $1.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.89 and a surprise factor of 494.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.34 per share as compared to estimates of $0.2 per share, a difference of -$0.54 representing a surprise of -270.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Amplify Energy Corp. [NYSE:AMPY] is 1.02. In addition, the Quick Ratio stands at 0.72 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 0.63 and price to earnings (TTM) ratio is 0.65.
Transactions by insiders
Recent insider trading involved Dulany Eric Edward, VICE PRESIDENT & CAO, that happened on Dec 21 ’23 when 2000.0 shares were sold. SVP, CHIEF FINANCIAL OFFICER, FREW JAMES completed a deal on Nov 08 ’23 to buy 10000.0 shares. Meanwhile, SVP, CHIEF OPERATING OFFICER FURBEE DANIEL bought 10000.0 shares on Nov 07 ’23.
