The Vanguard Group, Inc. has recently announced that it has increased stake in Amplify Energy Corp. (NYSE:AMPY) by 1.24%. After grabbing 2.12 million shares, the institutional investor is now in possession of 25947.0 shares of the Energy Company. The new investment brought the stake of investor firm to 5.42% having worth around $14.7 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.58 million to have a control over 1.41 million shares. And Bridgeway Capital Management LLC raised its holdings to 0.28 million shares by acquiring 0.97 million shares or 2.48% of the stake.
Amplify Energy Corp. (AMPY) concluded trading on 11/22/23 at a closing price of $6.23, with 0.49 million shares of worth about $3.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.60% during that period and on Wednesday the price saw a gain of about 1.63%. Currently the company’s common shares owned by public are about 38.46M shares, out of which, 38.23M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the AMPY stock and their offered price forecasts bring an average price target of $11.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $11.00. The stock’s current price level is 43.36% above of average price target set by the analysts, while a rise to estimated low would result in gain of 43.36% for the stock. However, touching the estimated high of $11.00 would mean a gain of 43.36% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 513,763 shares in 31 of the transactions. In 24 selling transactions, insiders dumped 155,326 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Amplify Energy Corp. Vanguard Total Stock Market ETF is currently holding 1.04 million shares of worth totaling $7.26 million. The company recently came buying 0.0 shares which brought its stake up to 2.67% of the company’s outstanding shares. iShares Russell 2000 ETF sold 8496.0 shares, after which its hold over company’s outstanding shares shrunk to 2.16%, leaving 0.84 million shares with the mutual fund that have a worth of about $5.87 million. Vanguard Extended Market Index Fu, after buying 0.52 million shares, have now control over 1.32% of the stake in the company. It holds 0.0 shares of worth $3.59 million.
Amplify Energy Corp. (NYSE: AMPY) started trading at $6.04, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 6.24, or with a gain of 1.63%. Stock saw a price change of 1.14% in past 5 days and over the past one month there was a price change of -11.13%. Year-to-date (YTD), AMPY shares are showing a performance of -29.12% which decreased to -24.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.84 but also hit the highest price of $10.23 during that period. The average intraday trading volume for Amplify Energy Corp. shares is 520.80K. The stock is currently trading -4.70% below its 20-day simple moving average (SMA20), while that difference is down -9.34% for SMA50 and it goes to -12.31% lower than SMA200.
The Vanguard Group, Inc. acquired 2.12 million shares of Amplify Energy Corp. having value of about $14.7 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 25947.0 shares in the company valued at close to $161649.81, or have control over 1.24% stake in the company. Amplify Energy Corp. (NYSE: AMPY) currently have 38.46M outstanding shares and institutions hold larger chunk of about 40.62% of that. Holding of mutual funds in the company is about 20.42% while other institutional holders and individual stake holders have control over 35.19% and 19.74% of the stake respectively.
The stock has a current market capitalization of $243.59M and its 3Y-monthly beta is at 2.18. PE ratio of stock for trailing 12 months is 0.67, while it has posted earnings per share of $9.33 in the same period. Its PEG reads 0.04 and has Quick Ratio of 0.72 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMPY, volatility over the week remained 4.00% while standing at 3.63% over the month.
Analysts are in expectations that Amplify Energy Corp. (AMPY) stock would likely to be making an EPS of $0.28 in the current quarter, while forecast for next quarter EPS is $0.37 and it is $1.67 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.28 which is $0.28 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.74 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 586.13% while it is estimated to decrease by -82.23% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Amplify Energy Corp. (AMPY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on October 28, 2022 offering a Buy rating for the stock and assigned a target price of $12 to it.
