Amplify Energy Corp. [AMPY] stock prices are down -1.66% to $7.09 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMPY shares have gain 13.08% over the last week, with a monthly amount drifted -1.53%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Amplify Energy Corp. [NYSE: AMPY] stock has seen the most recent analyst activity on May 02, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $11. Previously, Alliance Global Partners started tracking the stock with Buy rating on January 22, 2024, and set its price target to $9. On October 28, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $12 on the stock. ROTH Capital downgraded its rating to a Neutral. ROTH Capital initiated its recommendation with a Buy and recommended $10.50 as its price target on November 22, 2019. Northland Capital started tracking with a Outperform rating for this stock on November 14, 2019, and assigned it a price target of $10.
The stock price of Amplify Energy Corp. [AMPY] has been fluctuating between $3.56 and $8.15 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Amplify Energy Corp. [NYSE: AMPY] shares were valued at $7.09 at the most recent close of the market. An investor can expect a potential return of 69.25% based on the average AMPY price forecast.
Analyzing the AMPY fundamentals
The Amplify Energy Corp. [NYSE:AMPY] reported sales of 311.56M for trailing twelve months, representing a surge of 10.47%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 6.98 points at the first support level, and at 6.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.23, and for the 2nd resistance point, it is at 7.37.
Ratios To Look Out For
It’s worth pointing out that Amplify Energy Corp. [NYSE:AMPY]’s Current Ratio is 0.84. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 10.81.
Transactions by insiders
Recent insider trading involved Dulany Eric Edward, Officer, that happened on Aug 12 ’24 when 6000.0 shares were purchased. VICE PRESIDENT & CAO, Dulany Eric Edward completed a deal on Dec 21 ’23 to sell 2000.0 shares. Meanwhile, SVP, CHIEF FINANCIAL OFFICER FREW JAMES bought 10000.0 shares on Nov 08 ’23.
