Should I buy or sell Amplify Energy stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amplify Energy in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMPY shares. View AMPY analyst ratings or view top-rated stocks .

What is Amplify Energy's stock price target for 2024?

2 analysts have issued 1-year price targets for Amplify Energy's stock. Their AMPY share price targets range from $9.00 to $9.50. On average, they predict the company's stock price to reach $9.25 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price. View analysts price targets for AMPY or view top-rated stocks among Wall Street analysts .

How have AMPY shares performed in 2024?

Amplify Energy's stock was trading at $5.93 at the beginning of the year. Since then, AMPY stock has increased by 14.2% and is now trading at $6.77. View the best growth stocks for 2024 here .

When is Amplify Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our AMPY earnings forecast .

How were Amplify Energy's earnings last quarter?

Amplify Energy Corp. (NYSE:AMPY) announced its quarterly earnings data on Wednesday, March, 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.86. The company earned $78.99 million during the quarter, compared to the consensus estimate of $73.33 million. Amplify Energy had a net margin of 122.36% and a trailing twelve-month return on equity of 10.50%.

What ETF holds Amplify Energy's stock?

First Trust Natural Gas ETF holds 155,082 shares of AMPY stock, representing 0.21% of its portfolio.

What other stocks do shareholders of Amplify Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amplify Energy investors own include PBF Energy (PBF) , Applied Materials (AMAT) , Amarin (AMRN) , Alphatec (ATEC) , American Axle & Manufacturing (AXL) , Brookdale Senior Living (BKD) , British American Tobacco (BTI) , Cara Therapeutics (CARA) , Century Aluminum (CENX) and Conduent (CNDT) .

Who are Amplify Energy's major shareholders?

Amplify Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Diversified Trust Co (0.03%). Insiders that own company stock include Christopher W Hamm, Daniel Furbee, David Proman , Deborah G Adams, Eric Edward Dulany, Evan S Lederman , Martyn Willsher, Patrice D Douglas and Richard Smiley . View institutional ownership trends .

How do I buy shares of Amplify Energy?

Shares of AMPY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:AMPY

Amplify Energy (AMPY) Stock Price, News & Analysis

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Free AMPY Stock Alerts

$6.77

-0.04 (-0.59%)

(As of 04/18/2024 ET)

Compare

Today's Range: $6.76
▼
$6.94
50-Day Range: $4.49
▼
$7.17
52-Week Range: $3.56
▼
$8.21

Volume: 383,211 shs
Average Volume: 594,955 shs
Market Capitalization: $268.16 million

P/E Ratio: 0.70
Dividend Yield: N/A
Price Target: $9.25

Get Amplify Energy alerts:

Amplify Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 36.6% Upside
$9.25 Price Target
Short Interest: Healthy
3.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.18
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.76 out of 5 stars

Oils/Energy Sector

133rd out of 226 stocks

Crude Petroleum & Natural Gas Industry

47th out of 73 stocks

3.5

Analyst's Opinion

Consensus Rating
Amplify Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Amplify Energy has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.29% of the float of Amplify Energy has been sold short.
Short Interest Ratio / Days to Cover
Amplify Energy has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Amplify Energy has recently increased by 3.45%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Amplify Energy does not currently pay a dividend.
Dividend Growth
Amplify Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AMPY.

2.3

News and Social Media Coverage

News Sentiment
Amplify Energy has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Amplify Energy this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for AMPY on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
2 people have added Amplify Energy to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amplify Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.96% of the stock of Amplify Energy is held by insiders.
Percentage Held by Institutions
42.84% of the stock of Amplify Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Amplify Energy is 0.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amplify Energy is 0.70, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.41.
Price to Book Value per Share Ratio
Amplify Energy has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Amplify Energy Stock (NYSE:AMPY)

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford. The company is based in Houston, Texas.

AMPY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AMPY Stock News Headlines

April 15, 2024 | americanbankingnews.com

FY2024 Earnings Forecast for Amplify Energy Corp. (NYSE:AMPY) Issued By Roth Capital

April 14, 2024 | americanbankingnews.com

Amplify Energy (NYSE:AMPY) Given Buy Rating at Roth Mkm

April 19, 2024 | Paradigm Press (Ad)

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April 11, 2024 | americanbankingnews.com

Amplify Energy (NYSE:AMPY) Trading 1.8% Higher

April 8, 2024 | msn.com

Amplify Energy files for $250M mixed securities shelf

March 16, 2024 | finance.yahoo.com

AMPY Apr 2024 2.500 put

March 15, 2024 | msn.com

U.S. pump prices seen surging as refinery outages cut supply ahead of summer

March 15, 2024 | finance.yahoo.com

AMPY Jul 2024 6.000 call

April 19, 2024 | Paradigm Press (Ad)

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AMPY Jul 2024 6.000 put

March 11, 2024 | msn.com

US Coast Guard says no oil sheen seen off California after spill

March 11, 2024 | msn.com

Amplify Energy 'confident' California oil sheen not related to its operations

March 11, 2024 | globenewswire.com

Amplify Energy Update on Southern California Oil Sheen

March 9, 2024 | seekingalpha.com

Amplify Energy Corp. (AMPY) Q4 2023 Earnings Call Transcript

March 9, 2024 | seekingalpha.com

Amplify Energy drops amid reports of oil spill near Huntington Beach, California (update)

March 8, 2024 | msn.com

Amplify Energy plunges amid reports of oil spill near Huntington Beach, California (AMPY)

March 8, 2024 | globenewswire.com

Amplify Energy Statement on Southern California Oil Sheen

March 8, 2024 | msn.com

Amplify Energy plunges amid reports of oil spill near Huntington Beach, California

March 8, 2024 | finance.yahoo.com

Amplify Energy Corp. (NYSE:AMPY) Q4 2023 Earnings Call Transcript

March 8, 2024 | finance.yahoo.com

Amplify Energy Full Year 2023 Earnings: EPS: US$9.63 (vs US$1.44 in FY 2022)

March 7, 2024 | finance.yahoo.com

Amplify Energy Corp (AMPY) Reports Q4 and Full-Year 2023 Results, Proved Reserves, and 2024 Outlook

March 6, 2024 | ca.finance.yahoo.com

Amplify Energy Corp. (AMPY)

March 6, 2024 | benzinga.com

Amplify Energy's Earnings: A Preview

March 6, 2024 | msn.com

Amplify Energy Q4 2023 Earnings Preview

March 6, 2024 | globenewswire.com

Amplify Energy Announces Fourth Quarter and Full-Year 2023 Results, Year-End 2023 Proved Reserves and Full-Year 2024 Guidance

February 24, 2024 | markets.businessinsider.com

Amplify Energy Corp Registered Shs hosts conference call for investors

February 22, 2024 | globenewswire.com

Amplify Energy Schedules Fourth Quarter 2023 Earnings Release and Conference Call

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:AMPY
CUSIP: N/A
CIK: 1533924
Web: www.amplifyenergy.com
Phone: (832) 219-9001
Fax: 302-655-5049
Employees: 214
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.25
High Stock Price Target: $9.50
Low Stock Price Target: $9.00
Potential Upside/Downside: +36.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.66
Trailing P/E Ratio: 0.70
Forward P/E Ratio: 5.89
P/E Growth: N/A
Net Income: $392.75 million
Net Margins: 122.36%
Pretax Margin: 46.74%
Return on Equity: 10.50%
Return on Assets: 5.24%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 1.02
Quick Ratio: 1.02

Sales & Book Value

Annual Sales: $307.60 million
Price / Sales: 0.87
Cash Flow: $2.05 per share
Price / Cash Flow: 3.30
Book Value: $10.00 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 39,610,000
Free Float: 38,836,000
Market Cap: $268.16 million
Optionable: Optionable
Beta: 2.10

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Key Executives

Mr. Martyn A. Willsher (Age 45)
President, CEO & Director
Comp: $989.45k
Mr. Eric M. Willis (Age 45)
Senior VP, General Counsel & Corporate Secretary
Comp: $613.3k
Mr. James G. Frew (Age 46)
Senior VP & CFO
Mr. Daniel Furbee (Age 41)
Senior VP & COO
Mr. Eric Dulany (Age 48)
VP & Chief Accounting Officer
Mr. Jason W. Moore
Vice President of Human Resources & Administration
Mr. Anthony William Lopez (Age 43)
Senior Vice President of Engineering & Exploitation
Comp: $374.7k
Mr. Michael Jordan
Director of Finance & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMPY Stock Analysis - Frequently Asked Questions

Should I buy or sell Amplify Energy stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amplify Energy in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMPY shares.
View AMPY analyst ratings or view top-rated stocks.
What is Amplify Energy's stock price target for 2024?: 2 analysts have issued 1-year price targets for Amplify Energy's stock. Their AMPY share price targets range from $9.00 to $9.50. On average, they predict the company's stock price to reach $9.25 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price.
View analysts price targets for AMPY or view top-rated stocks among Wall Street analysts.
How have AMPY shares performed in 2024?: Amplify Energy's stock was trading at $5.93 at the beginning of the year. Since then, AMPY stock has increased by 14.2% and is now trading at $6.77.
View the best growth stocks for 2024 here.
When is Amplify Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our AMPY earnings forecast.
How were Amplify Energy's earnings last quarter?: Amplify Energy Corp. (NYSE:AMPY) announced its quarterly earnings data on Wednesday, March, 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.86. The company earned $78.99 million during the quarter, compared to the consensus estimate of $73.33 million. Amplify Energy had a net margin of 122.36% and a trailing twelve-month return on equity of 10.50%.

What ETF holds Amplify Energy's stock?: First Trust Natural Gas ETF holds 155,082 shares of AMPY stock, representing 0.21% of its portfolio.
What other stocks do shareholders of Amplify Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Amplify Energy investors own include PBF Energy (PBF), Applied Materials (AMAT), Amarin (AMRN), Alphatec (ATEC), American Axle & Manufacturing (AXL), Brookdale Senior Living (BKD), British American Tobacco (BTI), Cara Therapeutics (CARA), Century Aluminum (CENX) and Conduent (CNDT).
Who are Amplify Energy's major shareholders?: Amplify Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Diversified Trust Co (0.03%). Insiders that own company stock include Christopher W Hamm, Daniel Furbee, David Proman, Deborah G Adams, Eric Edward Dulany, Evan S Lederman, Martyn Willsher, Patrice D Douglas and Richard Smiley.
View institutional ownership trends.
How do I buy shares of Amplify Energy?: Shares of AMPY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AMPY) was last updated on 4/19/2024 by MarketBeat.com Staff

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