Amplify Energy Corp [NYSE: AMPY] gained 1.21% on the last trading session, reaching $6.67 price per share at the time.
If compared to the average trading volume of 283.21K shares, AMPY reached a trading volume of 126175 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Amplify Energy Corp [AMPY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMPY shares is $9.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMPY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Amplify Energy Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on January 22, 2024, representing the official price target for Amplify Energy Corp stock. Previously, the target price had yet another raise to $12, while ROTH Capital analysts kept a Buy rating on AMPY stock.
The Average True Range (ATR) for Amplify Energy Corp is set at 0.24, with the Price to Sales ratio for AMPY stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for AMPY in the course of the last twelve months was 62.42 with Quick ratio for the last quarter at 1.06.
Trading performance analysis for AMPY stock
Amplify Energy Corp [AMPY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.45. With this latest performance, AMPY shares gained by 1.06% in over the last four-week period, additionally plugging by 6.55% over the last 6 months – not to mention a rise of 8.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMPY stock in for the last two-week period is set at 48.88, with the RSI for the last a single of trading hit 48.38, and the three-weeks RSI is set at 49.10 for Amplify Energy Corp [AMPY]. The present Moving Average for the last 50 days of trading for this stock 6.71, while it was recorded at 6.74 for the last single week of trading, and 6.66 for the last 200 days.
Amplify Energy Corp [AMPY]: A deeper dive into fundamental analysis
Amplify Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.06.
Amplify Energy Corp [AMPY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMPY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amplify Energy Corp go to 15.00%.
An analysis of Institutional ownership at Amplify Energy Corp [AMPY]
There are presently around $49.87%, or 54.37%% of AMPY stock, in the hands of institutional investors. The top three institutional holders of AMPY stocks are: BLACKROCK INC. with ownership of 2.59 million shares, which is approximately 6.564%. VANGUARD GROUP INC, holding 2.45 million shares of the stock with an approximate value of $$16.59 million in AMPY stocks shares; and VANGUARD GROUP INC, currently with $$15.09 million in AMPY stock with ownership which is approximately 5.646%.
