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In a challenging market environment, Amplify Energy Corp. (NYSE:AMPY) stock has touched a 52-week low, reaching a price level of $2.41. According to InvestingPro data, the company maintains a Fair Value above current trading levels, with analysts setting price targets between $9.50 and $11.00. This downturn reflects a significant retreat from better-performing times, with the company's shares experiencing a stark 1-year change, plummeting by -65.37%. Despite the decline, the company maintains a P/B ratio of 0.24 and has remained profitable over the last twelve months with a gross profit margin of 45.24%. Investors are closely monitoring Amplify Energy as it navigates through the volatile energy sector, which has been marked by fluctuating commodity prices and regulatory pressures. InvestingPro subscribers have access to 15 additional investment tips for AMPY, including detailed insights on the company's financial health and growth prospects. The 52-week low serves as a critical indicator for the company's performance, signaling potential concerns for shareholders about the company's near-term prospects, particularly given its total debt of $132.47 million and a current ratio of 1.05. However, analysts predict the company will be profitable this year, with expected EPS of $1.51 for FY2025.
In other recent news, Amplify Energy Corp. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of -$0.19, which fell short of the anticipated $0.30. The company's revenue also missed expectations, coming in at $69.02 million compared to the forecasted $78.46 million. Amplify Energy disclosed further details about its merger with North Peak Oil & Gas and Century Oil & Gas Sub-Holdings, addressing stockholder lawsuits with additional disclosures. Meanwhile, Institutional Shareholder Services (ISS) endorsed Amplify's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies, highlighting potential increases in free cash flow and reserve value. Amplify Energy projects that the merger will enhance its portfolio flexibility and operational efficiency, with a 40% increase in pro-forma Adjusted EBITDA per BOE. The company anticipates significant growth from the merger, expecting free cash flow per share to rise from $0.50 to over $0.70 in 2025. Amplify Energy's special stockholder meeting to vote on the merger proposals is scheduled for April 14, 2025.
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