AMPY Stock Recent News

MMM, ASGN and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 3, 2023.

AMPY, PRG and CTTAY have been added to the Zacks Rank #5 (Strong Sell) List on April 15, 2024.

Amplify (AMPY) states that the sheen, off the coast of Huntington Beach in California, is not related to its operations. The investigation is under progress to discover what caused the sheen.

Amplify Energy (AMPY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.74 per share a year ago.

Amplify Energy (AMPY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2023 financial and operating results after the U.S. financial markets close on March 6, 2024. Management will host a conference call at 10:00 a.m. CT on March 7, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 343-5172 (Conference ID: AEC4Q23) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 28240256) for a fourteen-day period following the call.

Amplify Energy: With Upside Catalysts, An Ideal Buying Opportunity Has Emerged In This $5 Oil Stock

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Amplify Energy (AMPY) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Amplify appears attractively valued, and there is room for the price to roughly double from here on comparative valuation grounds. Previously, capital allocation was a risk, but a proposal to sell a material asset (Bairoil) in H1 2024 is welcome. There is endemic risk in the energy sector from commodity pricing, but AMPY has reduced its debt load and has hedged out the majority of production to 2025.