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AMPY

Amplify Energy NYSE:AMPY Stock Report

Last Price

US$5.99

Market Cap

US$230.3m

7D

-19.4%

1Y

34.3%

Updated

24 Sep, 2022

Data

Company Financials
AMPY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

AMPY Stock Overview

Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States.

Amplify Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Amplify Energy
Historical stock prices
Current Share PriceUS$5.99
52 Week HighUS$9.86
52 Week LowUS$2.60
Beta2.79
1 Month Change-24.27%
3 Month Change-8.69%
1 Year Change34.31%
3 Year Change-6.55%
5 Year Changen/a
Change since IPO8.91%

Recent News & Updates

Sep 15

Amplify Energy Corp. Has Fantastic Revenue, Poor Profitability And Appears Overpriced Vs. Peers

Summary This article seeks to provide a valuation and pricing comparison for AMPY vs the Top Oil and Gas Exploration and Production Stocks. I will provide a pricing mechanism for AMPY by comparing its financial metrics to the rest of the industry, assessing its financial health, and finally attempting to find an appropriate valuation. I give Amplify Energy Corp. an overall financial health score of 66.7% and a 28.3% current price attractiveness score relative to its peers. Amplify Energy Corp. is ranked 51st out of the Top 65 Oil and Gas Exploration and Production Stocks in terms of its relative valuation attractiveness. Head to any financial markets news website, and most headlines you'll read will likely refer to a story featuring inflation, Ukraine, COVID, interest rates or all 4. With all the chaos and uncertainty, it's easy to get jitters about equities and a recession, but smarter, more experienced investors will find plenty of opportunities amidst the panic. As Rudyard Kipling said in "If"; And if you can keep your head when everybody round you is losing his, (But, of course, those who know Kipling's works know that's only half the story…) Amplify Energy Corp. (AMPY) is involved in the production of oil and natural gas, so is poised to enjoy the heightened energy prices from the geopolitical turmoil while the energy industry, in general, remains relatively insulated from inflation and high interest rates. So let's dive into the spreadsheets and break AMPY down and assess the stock as an opportunity. (Data & prices correct as of pre-market 6th September 2022) (The Top Oil and Gas Exploration and Production Stocks referred to can be found on this Seeking Alpha screener) Want to skip the analysis & go straight to finding out who had the best (or worst) valuations in Oil & Gas? Download my research for free here Amplify Energy Corp.'s Base Financial Health To begin an analysis of AMPY, it pays to look at the firm's base financial health to try and identify any areas of concern we might have. The following analysis compares AMPY's financial metrics to its 65 industry peers and shows us both the metric on its own, and where it sits compared to its peers. We then assign a score and a "level of concern", to guide our views. Straight away we see concerns with the firm's quick ratio, and its ability to quickly cover its obligations in a "worst case scenario", along with skinny EBITDA margins and almost break-even net margins. Further along, we see some tight serviceability of the firm's obligations which presents a profitability risk, along with significantly larger short-term obligations vs the firm's short-term assets. AMPY does not pay a dividend, so we don't need to put any consideration toward that. Lastly is a review of the firm's future expectations, which again, we see some solid top-line growth (albeit considered small growth for the industry, but double-digit growth is still acceptable to me), however, EPS projections are significantly negative, giving us concern about the firm's ability to capitalize on high energy prices both now and into the future. Author Finally, we tally up the scores and apply weights, giving us an overall base financial health score of a worrying 66.7%. I believe AMPY has financial health risks in its liquidity, profitability and its obligations structure. While the firm doesn't risk closing down overnight, there are certainly profitability risks and potential downsizing risks. Author Assessing Amplify Energy Corp.'s Pricing Attractiveness Perhaps there's more to like for AMPY in its valuation metrics. If you're chasing value in price per $1 of revenue in a firm, AMPY has plenty to offer, with a $0.71 amount per dollar earned, there are some serious discounts on offer here. The same value goes for enterprise valuation per dollar of revenue, both metrics in the top 5% for value compared to the peer group. Unfortunately, that's about where the good news ends. Price to earnings and book value suggests that AMPY is trading at a very significant premium, and price to free cash flow places the firm in the bottom 30% of value firms. We then weight these metrics on an arbitrary scale of importance, and we see a weighted valuation attractiveness score of 28.3%, indicating there's not a lot to love here. Author Finding An Appropriate Valuation Method For Amplify Energy Corp. With a base financial health and a valuation attractiveness score assessed, it's time to try and find a suitable pricing mechanism for AMPY, based on how investors price firms within the oil & gas industry. To do this, we consider the variation across all firms when considering valuation metrics and their correlation to price/sales valuation, and market cap correlation. Having gone through the process already for Crescent Point Energy Corp. (CPG), we already know the weights for each of the metrics we're going to focus our attention on.

Sep 08

Amplify Energy to pay $4.9M fine to California govt to settle charges over oil spill

Amplify Energy (NYSE:AMPY) said Thursday it reached a deal with the State of California to resolve all criminal matters related to a crude oil spill last year off the southern California coast. AMPY will enter a No Contest plea to six misdemeanor charges. If approved by the court, AMPY will pay a $4.9M fine to the California govt., including the state's Fish and Game Preservation Fund, and Orange County. AMPY will also serve one-year probation and agreed to certain compliance enhancements to its operations. This resolution - along with the plea deal with the U.S. Attorney's Office - if approved by both courts, will resolve all criminal matters stemming from the spill. AMPY had also reached a settlement with Southern California businesses in a class action lawsuit. The spill in Oct. 2021 released ~25K gallons of crude oil into the Pacific Ocean, forcing closure of beaches and fisheries and threatening area wetlands.

Shareholder Returns

AMPYUS Oil and GasUS Market
7D-19.4%-9.3%-5.2%
1Y34.3%36.4%-23.0%

Return vs Industry: AMPY underperformed the US Oil and Gas industry which returned 36.4% over the past year.

Return vs Market: AMPY exceeded the US Market which returned -23.1% over the past year.

Price Volatility

Is AMPY's price volatile compared to industry and market?
AMPY volatility
AMPY Average Weekly Movement11.2%
Oil and Gas Industry Average Movement8.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: AMPY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: AMPY's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a210Martyn Willsherhttps://www.amplifyenergy.com

Amplify Energy Corp. 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. As of December 31, 2021, it had total estimated proved reserves of approximately 121.2 million barrels of oil equivalent; and 2,417 gross producing wells.

Amplify Energy Fundamentals Summary

How do Amplify Energy's earnings and revenue compare to its market cap?
AMPY fundamental statistics
Market CapUS$230.26m
Earnings (TTM)US$2.89m
Revenue (TTM)US$416.56m

79.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMPY income statement (TTM)
RevenueUS$416.56m
Cost of RevenueUS$158.51m
Gross ProfitUS$258.05m
Other ExpensesUS$255.16m
EarningsUS$2.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.075
Gross Margin61.95%
Net Profit Margin0.69%
Debt/Equity Ratio-257.8%

How did AMPY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AMPY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMPY?

Other financial metrics that can be useful for relative valuation.

AMPY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA10x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does AMPY's PE Ratio compare to its peers?

AMPY PE Ratio vs Peers
The above table shows the PE ratio for AMPY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.7x
TGA TransGlobe Energy
1.5xn/aUS$192.8m
REI Ring Energy
3.5x50.4%US$301.6m
EPM Evolution Petroleum
7.1x11.6%US$226.2m
NRT North European Oil Royalty Trust
11.5xn/aUS$132.2m
AMPY Amplify Energy
79.8xn/aUS$230.3m

Price-To-Earnings vs Peers: AMPY is expensive based on its Price-To-Earnings Ratio (79.8x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

How does AMPY's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: AMPY is expensive based on its Price-To-Earnings Ratio (79.8x) compared to the US Oil and Gas industry average (8.2x)


Price to Earnings Ratio vs Fair Ratio

What is AMPY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMPY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio79.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AMPY's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of AMPY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMPY ($5.99) is trading above our estimate of fair value ($0.32)

Significantly Below Fair Value: AMPY is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Amplify Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-10.8%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Amplify Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of AMPY’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Amplify Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Amplify Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AMPY has a large one-off gain of $2.2M impacting its June 30 2022 financial results.

Growing Profit Margin: AMPY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AMPY has become profitable over the past 5 years, growing earnings by 4% per year.

Accelerating Growth: AMPY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AMPY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (184.6%).


Return on Equity

High ROE: AMPY's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Amplify Energy's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AMPY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AMPY has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AMPY has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AMPY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: AMPY's debt is well covered by operating cash flow (26.5%).

Interest Coverage: AMPY's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


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Dividend

What is Amplify Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AMPY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AMPY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AMPY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMPY's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: AMPY is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AMPY has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Martyn Willsher (43 yo)

2.42yrs

Tenure

US$979,900

Compensation

Mr. Martyn A. Willsher serves as President, Chief Executive Officer and Director of Amplify Energy Corp. since January 19, 2021. He served as Chief Financial Officer at Amplify Energy Corp. since April 27,...


CEO Compensation Analysis

Compensation vs Market: Martyn's total compensation ($USD979.90K) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Martyn's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AMPY's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: AMPY's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 37.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.66%
Avenue Capital Group
2,561,375$15.3m0%12.04%
5.97%
BlackRock, Inc.
2,293,699$13.7m394.72%no data
5.8%
The Vanguard Group, Inc.
2,228,135$13.3m33.69%no data
2.8%
Newtyn Management, LLC
1,075,000$6.4m4.88%1.36%
2.41%
State Street Global Advisors, Inc.
927,657$5.6m190.88%no data
2.34%
Acadian Asset Management LLC
899,320$5.4m88.55%0.02%
1.62%
Geode Capital Management, LLC
621,348$3.7m80.9%no data
1.31%
Renaissance Technologies LLC
502,200$3.0m-7.09%no data
0.9%
PanAgora Asset Management, Inc.
344,283$2.1m0%0.02%
0.8%
Northern Trust Global Investments
307,706$1.8m359.76%no data
0.68%
Goldman Sachs Group, Investment Banking and Securities Investments
260,249$1.6m20.66%no data
0.65%
Union Square Park Capital Management, LLC
250,000$1.5m0%2.29%
0.61%
Assenagon Asset Management S.A.
233,684$1.4m0%0.01%
0.57%
Yacktman Asset Management LP
220,000$1.3m-8.33%0.01%
0.53%
Hotchkis and Wiley Capital Management, LLC
205,400$1.2m-6.04%0.01%
0.53%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
204,165$1.2m0%no data
0.49%
Two Sigma Advisers, LP
187,841$1.1m-31.58%no data
0.49%
Morgan Stanley, Investment Banking and Brokerage Investments
187,004$1.1m933.34%no data
0.46%
EAM Investors, LLC
176,968$1.1m-39.9%0.27%
0.44%
Bridgeway Capital Management, LLC
169,300$1.0m0%0.03%
0.43%
Susquehanna Fundamental Investments, LLC
166,016$994.4k0%0.03%
0.41%
First Trust Advisors LP
157,732$944.8k0%no data
0.39%
Point72 Asset Management, L.P.
148,794$891.3k312.19%no data
0.36%
Thompson, Siegel & Walmsley LLC
138,000$826.6k-3.5%0.01%
0.31%
Simplex Trading, LLC, Asset Management Arm
118,868$712.0k0%0.03%

Company Information

Amplify Energy Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Amplify Energy Corp.
  • Ticker: AMPY
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$230.260m
  • Shares outstanding: 38.44m
  • Website: https://www.amplifyenergy.com

Number of Employees


Location

  • Amplify Energy Corp.
  • 500 Dallas Street
  • Suite 1700
  • Houston
  • Texas
  • 77002
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2OQDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2019
AMPYNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.