Amplify Energy Corp. (NYSE: AMPY) Is Getting Increasingly Hard To Ignore


    Dimensional Fund Advisors LP recently announced the acquisition of new stake in Amplify Energy Corp. (NYSE:AMPY). The institutional investor has increased its shareholding in the Energy company by 9.42% to 1.18 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 3.14% valued currently at $1.3 million.

    With over 0.53 million Amplify Energy Corp. (AMPY) shares trading Monday and a closing price of $1.15 on the day, the dollar volume was approximately $0.61 million. The shares have shown a negative weekly performance of -4.17% and its price on 07/13/20 lost nearly -7.26%. Currently, there are 37.57M common shares owned by the public and among those 30.12M shares have been available to trade.

    Incidentally, analysts’ outlook for the Amplify Energy Corp. stock is 3.00 for the next 12 months.

    Insiders at the company have transacted a total of 40 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 426,115 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 939,674 shares.

    The top 3 mutual fund holders in Amplify Energy Corp. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and DFA US Small Cap Portfolio. Vanguard Total Stock Market Index owns 0.77 million shares of the company’s stock, all valued at over $0.85 million. DFA US Small Cap Portfolio now owns shares totaling to 0.47% of the shares outstanding.

    Shares of Amplify Energy Corp. (NYSE: AMPY) opened at $1.25, up $0.01 from a prior closing price of $1.24. However, the script later closed the day at $1.15, down -7.26%. The company’s stock has a 5-day price change of -4.17% and 35.66% over the past three months. AMPY shares are trading -82.60% year to date (YTD), with the 12-month market performance down to -80.00% lower. It has a 12-month low price of $0.49 and touched a high of $7.91 over the same period. Currently, 0.53 million shares have been traded, compared to an average intraday trading volume of 919.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.83%, -14.97%, and -70.97% respectively.

    Institutional ownership of Amplify Energy Corp. (NYSE: AMPY) shares accounts for 86.70% of the company’s 37.57M shares outstanding. Mutual fund holders own 66.54%, while other institutional holders and individual stakeholders account for 9.98% and 11.49% respectively.

    It has a market capitalization of $39.70M and a beta (3y monthly) value of 4.39. The earnings-per-share (ttm) stands at -$9.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.78% over the week and 14.26% over the month.

    Analysts forecast that Amplify Energy Corp. (AMPY) will achieve an EPS of -$0.06 for the current quarter, -$0.07 for the next quarter and -$0.73 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -162.90%, and -128.10% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -16.20% over the past 5-year period.

    Looking at the support for the AMPY, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on November 22, 2019, with the firm’s price target at $10.50. Northland Capital coverage for the Amplify Energy Corp. (AMPY) stock in a research note released on November 14, 2019 offered a Outperform rating with a price target of $10.


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