In the last trading session, 1,002,889 shares of the Amplify Energy Corp.(NYSE:AMPY) were traded, and its beta was 4.42. Most recently the company’s share price was $2.97, and it changed around $0.22 or 0.08% from the last close, which brings the market valuation of the company to $111.84 Million. AMPY currently trades at a discount to its 52-week high of $5.41, offering almost -82.15% off that amount. The share price’s 52-week low was $0.49, which indicates that the current value has risen by an impressive 83.5% since then. We note from Amplify Energy Corp.’s average daily trading volume that its 10-day average is 1.06 Million shares, with the 3-month average coming to 1.53 Million.
Amplify Energy Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended AMPY as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Amplify Energy Corp. is expected to report earnings per share of $0.09 for the current quarter.
Amplify Energy Corp. (NYSE:AMPY): Trading Information
Instantly AMPY has showed a green trend with a performance of 8% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.25- on Tuesday, Feb 16 increased the stock’s daily price by 8.62%. The company’s shares are currently up 1.27% year-to-date, but still up 0.0241 over the last five days. On the other hand, Amplify Energy Corp. (NYSE:AMPY) is 0.38% up in the 30-day period. We can see from the shorts that 2.14 Million shares have been sold at a short interest cover period of 1.4 day(s).
The consensus price target as assigned by Wall Street analysts is $2.54, which translates to bears needing to reduce their stock price by -14.48% from its current value. Analyst projections state that AMPY is forecast to be at a low of $2.2 and a high of $2.88. In order for the stock price to hit the forecast high, the stock would need to surge -3.03% from its current level, while the stock would need to crash -25.93% from its current level to reach the projected low.
Amplify Energy Corp. (AMPY) projections and forecasts
Amplify Energy Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +167.57 percent over the past six months and at a 197.06% annual growth rate that is well above the industry average of -27%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +113.8% in revenue this quarter, and will report an increase of 98.8% in the next quarter. The year-over-year growth rate is expected to be -25.3%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $59.7 Million in revenue for the current quarter. 1 analysts expect Amplify Energy Corp. to make $57.59 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $77.93 Million and $64.15 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.4%. Forecasts for the next quarter put sales growth at -10.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.2%. Amplify Energy Corp. earnings are expected to decrease by -162.9% in 2021, but the outlook is positive 15% per year for the next five years.
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AMPY Dividend Yield
Amplify Energy Corp.’s next quarterly earnings report is expected to be released around November 05, 2020. The annual dividend yield of the stock is 37.31 percent and its annual dividend per share was $0.5. It is important to note, however, that the 37.31% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Amplify Energy Corp. (NYSE:AMPY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 19.79% of Amplify Energy Corp. shares, and 30.87% of them are in the hands of institutional investors. The stock currently has a share float of 38.48%. Amplify Energy Corp. stock is held by 87 institutions, with Fir Tree Capital Management LLP being the largest institutional investor. By Sep 29, 2020, it held 25.46% of the shares, which is about 9.59 Million shares worth $8.17 Million.
Lasry, Marc, with 6.8% or 2.56 Million shares worth $2.18 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.