The stock of Amplify Energy Corp. (NYSE: AMPY) has increased by 5.54 when compared to last closing price of 6.77. Despite this, the company has experienced a 0.78% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that AMPY, PRG and CTTAY have been added to the Zacks Rank #5 (Strong Sell) List on April 15, 2024.
Is It Worth Investing in Amplify Energy Corp. (NYSE: AMPY) Right Now?
Amplify Energy Corp. (NYSE: AMPY) has a higher price-to-earnings ratio of 0.74x compared to its average ratio. AMPY has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AMPY is 36.58M, and currently, short sellers hold a 3.28% ratio of that float. The average trading volume of AMPY on April 19, 2024 was 608.16K shares.
AMPY’s Market Performance
The stock of Amplify Energy Corp. (AMPY) has seen a 0.78% increase in the past week, with a 11.82% rise in the past month, and a 24.69% gain in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are at 3.51% for AMPY. The simple moving average for the past 20 days is 5.07% for AMPY’s stock, with a 9.62% simple moving average for the past 200 days.
Analysts’ Opinion of AMPY
Many brokerage firms have already submitted their reports for AMPY stocks, with Alliance Global Partners repeating the rating for AMPY by listing it as a “Buy.” The predicted price for AMPY in the upcoming period, according to Alliance Global Partners is $9 based on the research report published on January 22, 2024 of the current year 2024.
ROTH Capital, on the other hand, stated in their research note that they expect to see AMPY reach a price target of $12. The rating they have provided for AMPY stocks is “Buy” according to the report published on October 28th, 2022.
AMPY Trading at 12.30% from the 50-Day Moving Average
After a stumble in the market that brought AMPY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.97% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares surge +11.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.95% upper at present.
During the last 5 trading sessions, AMPY rose by +1.48%, which changed the moving average for the period of 200-days by +6.75% in comparison to the 20-day moving average, which settled at $6.84. In addition, Amplify Energy Corp. saw 20.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMPY starting from Dulany Eric Edward, who sale 2,000 shares at the price of $5.93 back on Dec 21 ’23. After this action, Dulany Eric Edward now owns 11,723 shares of Amplify Energy Corp., valued at $11,861 using the latest closing price.
FREW JAMES, the SVP, CHIEF FINANCIAL OFFICER of Amplify Energy Corp., purchase 10,000 shares at $6.05 during a trade that took place back on Nov 08 ’23, which means that FREW JAMES is holding 10,000 shares at $60,499 based on the most recent closing price.
Stock Fundamentals for AMPY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.38 for the gross margin
The net margin for Amplify Energy Corp. stands at 1.28. The total capital return value is set at 0.04. Equity return is now at value 193.60, with 62.11 for asset returns.
Based on Amplify Energy Corp. (AMPY), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.21. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 1.64.
Currently, EBITDA for the company is 92.03 million with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 7.87for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To put it simply, Amplify Energy Corp. (AMPY) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
