Now Is A Good Time To Buy Amplify Energy Corp (NYSE: AMPY)

During the last session, Amplify Energy Corp (NYSE:AMPY)’s traded shares were 0.82 million, with the beta value of the company hitting 0.50. At the end of the trading day, the stock’s price was $2.56, reflecting an intraday gain of 1.59% or $0.04. The 52-week high for the AMPY share is $8.15, that puts it down -218.36 from that peak though still a striking 11.33% gain since the share price plummeted to a 52-week low of $2.27. The company’s market capitalization is $103.25M, and the average intraday trading volume over the past 10 days was 1.02 million shares, and the average trade volume was 544.87K shares over the past three months.

Amplify Energy Corp (AMPY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AMPY has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it.

Amplify Energy Corp (NYSE:AMPY) trade information

Amplify Energy Corp (AMPY) registered a 1.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.59% in intraday trading to $2.56, hitting a weekly high. The stock’s 5-day price performance is 3.64%, and it has moved by -35.68% in 30 days. Based on these gigs, the overall price performance for the year is -64.04%. The short interest in Amplify Energy Corp (NYSE:AMPY) is 1.32 million shares and it means that shorts have 2.29 day(s) to cover.

The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 69.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $8.5 respectively. As a result, AMPY is trading at a discount of -232.03% off the target high and -232.03% off the low.

AMPY Dividends

Amplify Energy Corp is due to release its next quarterly earnings on 2025-Mar-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Amplify Energy Corp (NYSE:AMPY)’s Major holders

Amplify Energy Corp insiders own 10.14% of total outstanding shares while institutional holders control 52.97%, with the float percentage being 58.95%. BLACKROCK INC. is the largest shareholder of the company, while 176.0 institutions own stock in it. As of 2024-06-30, the company held over 2.59 million shares (or 6.5278% of all shares), a total value of $17.54 million in shares.

The next largest institutional holding, with 2.45 million shares, is of VANGUARD GROUP INC’s that is approximately 6.2081% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $16.59 million.

Also, the Mutual Funds coming in first place with the largest holdings of Amplify Energy Corp (AMPY) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and American Century ETF Trust-Avantis U.S. Small Cap Value ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.17 shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $2.99 million market value. The same data shows that the other fund manager holds slightly less at 1.01, or about 2.51% of the stock, which is worth about $2.59 million.