AMPY Stock Recent News

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.

Favorable commodity prices are likely to have aided Amplify Energy (AMPY) in Q3.

Amplify added a significant amount of hedges over the next few years due to requirements from its new credit facility. It has hedged most of its natural gas production, leaving it with limited upside potential from natural gas prices. Amplify does have more upside potential from oil prices and prices for NGLs still.

HOUSTON, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2023 financial and operating results after the U.S. financial markets close on November 6, 2023. Management will host a conference call at 10:00 a.m. CT on November 7, 2023 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 343-5172 (Conference ID: AEC3Q23) 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: 10190845) for a fourteen-day period following the call.

Amplify Energy (AMPY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Amplify Energy is a potential winner in the oil and gas industry due to its valuation and quality assets. AMPY has a solid asset base consisting of low-decline projects across the US, generating consistent cash flows and strong returns. Despite the rise of renewables, oil and gas continue to be reliable and accessible energy sources, making investments in AMPY stock appealing.