Amplify Energy Corp. (AMPY) makes 34.65% gain – What does that mean for its investors?

Amplify Energy Corp. (NYSE: AMPY) is 30.53% higher on its value in year-to-date trading and has touched a low of $0.49 and a high of $7.58 in the current 52-week trading range. The AMPY stock was last observed hovering at around $1.71 in the last trading session, with the day’s gains setting it 0.29% off its average median price target of $2.54 for the next 12 months. It is also 30.56% off the consensus price target high of $2.88 offered by 2 analysts, but current levels are 9.09% higher than the price target low of $2.20 for the same period.

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Currently trading at $2.00, the stock is 41.19% and 75.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 16.67% at the moment leaves the stock 78.74% off its SMA200. AMPY registered -75.43% loss for a year compared to 6-month gain of 48.70%. The firm has a 50-day simple moving average (SMA 50) of $1.3303 and a 200-day simple moving average (SMA200) of $1.0945.

The stock witnessed a 27.61% loss in the last 1 month and extending the period to 3 months gives it a 102.37%, and is 34.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.59% over the week and 11.45% over the month.

Amplify Energy Corp. (AMPY) has around 230 employees, a market worth around $65.24M and $224.00M in sales. Distance from 52-week low is 305.08% and -73.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.80%).

Amplify Energy Corp. (AMPY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Amplify Energy Corp. (AMPY) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Amplify Energy Corp. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $59.7M over the same period.The EPS is expected to shrink by -162.90% this year, but quarterly earnings will post -25.30% year-over-year. Quarterly sales are estimated to shrink -23.40% in year-over-year returns.

Amplify Energy Corp. (AMPY) Top Institutional Holders

87 institutions hold shares in Amplify Energy Corp. (AMPY), with 7.45M shares held by insiders accounting for 19.79% while institutional investors hold 38.48% of the company’s shares. The shares outstanding are 37.63M, and float is at 30.21M with Short Float at 6.94%. Institutions hold 30.87% of the Float.

The top institutional shareholder in the company is Fir Tree Capital Management LLP with over 9.59 million shares valued at $8.17 million. The investor’s holdings represent 25.46% of the AMPY Shares outstanding. As of Sep 29, 2020, the second largest holder is Lasry, Marc with 2.56 million shares valued at $2.18 million to account for 6.80% of the shares outstanding. The other top investors are Trust Asset Management LLC which holds 1.52 million shares representing 4.03% and valued at over $1.29 million, while Brigade Capital Management, LLC holds 3.79% of the shares totaling 1.43 million with a market value of $1.22 million.

Amplify Energy Corp. (AMPY) Insider Activity

A total of 19 insider transactions have happened at Amplify Energy Corp. (AMPY) in the last six months, with sales accounting for 18 and purchases happening 1 times. The most recent transaction is an insider sale by FIR TREE CAPITAL MANAGEMENT LP, the company’s Director. SEC filings show that FIR TREE CAPITAL MANAGEMENT LP sold 8,548,485 shares of the company’s common stock on Dec 11 at a price of $1.09 per share for a total of $9.34 million. Following the sale, the insider now owns 0.0 shares.

Amplify Energy Corp. disclosed in a document filed with the SEC on Dec 02 that FIR TREE CAPITAL MANAGEMENT LP (Director) sold a total of 16,916 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $1.05 per share for $17779.0. Following the transaction, the insider now directly holds 8.55 million shares of the AMPY stock.

Still, SEC filings show that on Dec 01, FIR TREE CAPITAL MANAGEMENT LP (Director) disposed off 50,134 shares at an average price of $1.05 for $52425.0. The insider now directly holds 8,565,401 shares of Amplify Energy Corp. (AMPY).

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