In the last trading session, 0.95 million Amplify Energy Corp (NYSE:AMPY) shares changed hands as the company’s beta touched 0.41. With the company’s per share price at $2.69 changed hands at $0.15 or 5.91% during last session, the market valuation stood at $108.51M. AMPY’s last price was a discount, traded about -202.97% off its 52-week high of $8.15. The share price had its 52-week low at $2.27, which suggests the last value was 15.61% up since then. When we look at Amplify Energy Corp’s average trading volume, we note the 10-day average is 0.98 million shares, with the 3-month average coming to 561.64K.
Analysts gave the Amplify Energy Corp (AMPY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended AMPY as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Amplify Energy Corp’s EPS for the current quarter is expected to be 0.16.
Amplify Energy Corp (NYSE:AMPY) trade information
Instantly AMPY was in green as seen at the end of in last trading. With action 5.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -55.17%, with the 5-day performance at 5.08% in the green. However, in the 30-day time frame, Amplify Energy Corp (NYSE:AMPY) is -32.07% down. Looking at the short shares, we see there were 1.24 million shares sold at short interest cover period of 1.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.5, meaning bulls need an upside of 68.35% from its current market value. According to analyst projections, AMPY’s forecast low is 8.5 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -215.99% plunge from its current level, while the stock would need to soar -215.99% for it to hit the projected low.
Amplify Energy Corp (AMPY) estimates and forecasts
Year-over-year growth is forecast to reach 27.03% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 73.87M. 2 analysts are of the opinion that Amplify Energy Corp’s revenue for the current quarter will be 72M. The company’s revenue for the corresponding quarters a year ago was 76.3M and 79.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.18%. The estimates for the next quarter sales put growth at -9.44%.
The 2025 estimates are for Amplify Energy Corp earnings to increase by 26.04%.
AMPY Dividends
Amplify Energy Corp is expected to release its next quarterly earnings report on 2025-Mar-04.
Amplify Energy Corp (NYSE:AMPY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.30% of Amplify Energy Corp shares while 52.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.89%. There are 52.83% institutions holding the Amplify Energy Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5278% of the shares, roughly 2.59 million AMPY shares worth $17.54 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.1738% or 2.45 million shares worth $16.59 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and American Century ETF Trust-Avantis U.S. Small Cap Value ETF . With 1.17 shares estimated at $3.14 million under it, the former controlled 2.90% of total outstanding shares. On the other hand, American Century ETF Trust-Avantis U.S. Small Cap Value ETF held about 2.51% of the shares, roughly 1.01 shares worth around $2.73 million.
