Amplify Energy Corp. (NYSE: AMPY) is 5.56% higher on its value in year-to-date trading and has touched a low of $5.47 and a high of $10.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMPY stock was last observed hovering at around $6.10 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $6.26, the stock is 2.64% and 3.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 2.62% at the moment leaves the stock -4.77% off its SMA200. AMPY registered -36.64% loss for a year compared to 6-month loss of -6.71%. The firm has a 50-day simple moving average (SMA 50) of $0.95 and a 200-day simple moving average (SMA200) of $1.57.
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The stock witnessed a 6.83% gain in the last 1 month and extending the period to 3 months gives it a 5.03%, and is 3.64% 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 3.28% over the week and 3.07% over the month.
Amplify Energy Corp. (AMPY) has around 214 employees, a market worth around $244.77M and $307.60M in sales. Current P/E ratio is 0.65 and Fwd P/E is 7.93. Profit margin for the company is 122.22%. Distance from 52-week low is 14.55% and -37.82% from its 52-week high. The company has generated returns on investments over the last 12 months (74.29%).
Amplify Energy Corp. quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $74.05M over the same period.The EPS is expected to shrink by -89.91% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 16.10% in year-over-year returns.
161 institutions hold shares in Amplify Energy Corp. (AMPY), with institutional investors hold 45.13% of the company’s shares. The shares outstanding are 39.15M, and float is at 38.07M with Short Float at 3.08%. Institutions hold 44.52% of the Float.
The top institutional shareholder in the company is Lasry, Marc with over 2.56 million shares valued at $17.34 million. The investor’s holdings represent 6.56% of the AMPY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 2.44 million shares valued at $16.54 million to account for 6.25% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.18 million shares representing 5.58% and valued at over $14.76 million, while Dimensional Fund Advisors LP holds 2.13% of the shares totaling 0.83 million with a market value of $5.64 million.
Amplify Energy Corp. (AMPY) Insider Activity
The most recent transaction is an insider sale by Dulany Eric Edward, the company’s VICE PRESIDENT & CAO. SEC filings show that Dulany Eric Edward sold 2,000 shares of the company’s common stock on Dec 21 ’23 at a price of $5.93 per share for a total of $11861.0. Following the sale, the insider now owns 11723.0 shares.
Amplify Energy Corp. disclosed in a document filed with the SEC on Nov 08 ’23 that FREW JAMES (SVP, CHIEF FINANCIAL OFFICER) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 08 ’23 and was made at $6.05 per share for $60499.0. Following the transaction, the insider now directly holds 10000.0 shares of the AMPY stock.
Still, SEC filings show that on Nov 07 ’23, FURBEE DANIEL (SVP, CHIEF OPERATING OFFICER) acquired 10,000 shares at an average price of $6.10 for $60963.0. The insider now directly holds 10,000 shares of Amplify Energy Corp. (AMPY).
