The stock of Amplify Energy Corp. (NYSE:AMPY) last traded at $7.21, down -0.96% from the previous session.
Data from the available sources indicates that Amplify Energy Corp. (NYSE:AMPY) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $12.00, we find $12.00. Given the previous closing price of $7.28, this indicates a potential upside of 64.84 percent. AMPY stock price is now -16.81% away from the 50-day moving average and -9.45% away from the 200-day moving average. The market capitalization of the company currently stands at $335.19M.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
With the price target maintained at $12, ROTH Capital recently Upgraded its rating from Neutral to Buy for Amplify Energy Corp. (NYSE: AMPY)., while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, Hamm Christopher W., Director bought 17,000 shares of the company’s stock on Dec 22. The stock was bought for $130,110 at an average price of $7.65. Upon completion of the transaction, the Director now directly owns 75,618 shares in the company, valued at $0.55 million. Insiders disposed of 81,210 shares of company stock worth roughly $0.59 million over the past 1 year. A total of 1.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMPY stock. A new stake in Amplify Energy Corp. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,784,000. EAM GLOBAL INVESTORS LLC invested $1,101,000 in shares of AMPY during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in Amplify Energy Corp. valued at approximately $537,000. MARSHALL WACE, LLP acquired a new stake in AMPY for approximately $413,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in AMPY valued at around $271,000 in the second quarter. In total, there are 151 active investors with 44.90% ownership of the company’s stock.
With an opening price of $7.39 on Tuesday morning, Amplify Energy Corp. (NYSE: AMPY) set off the trading day. During the past 12 months, Amplify Energy Corp. has had a low of $4.97 and a high of $10.38. The fifty day moving average price for AMPY is $8.64 and a two-hundred day moving average price translates $7.96 for the stock.
The latest earnings results from Amplify Energy Corp. (NYSE: AMPY) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at -$0.35, missing analysts’ expectations of $0.26 by -0.61. This compares to $0.94 EPS in the same period last year. The company reported revenue of $98.95 million for the quarter, compared to $93.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.33 percent. For the current quarter, analysts expect AMPY to generate $93.05M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2020. Investors who held shares on 03/16/2020 were paid a $0.10 dividend.
Amplify Energy Corp.(AMPY) Company Profile
Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford. As of December 31, 2021, it had total estimated proved reserves of approximately 121.2 million barrels of oil equivalent; and 2,417 gross producing wells. The company is headquartered in Houston, Texas.
