Amplify Energy Corp's fundamentals are relatively stable, and its growth potential is significant.Its valuation is considered fairly valued, ranking 62/120 in the Oil & Gas industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 9.12.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Amplify Energy Corp's Score
Industry at a Glance
Industry Ranking
62 / 120
Overall Ranking
233 / 4582
Industry
Oil & Gas
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Buy
Current Rating
9.125
Target Price
+74.81%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Amplify Energy Corp Highlights
StrengthsRisks
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company’s operations are focused on Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana. Its liquid-rich acreage in Oklahoma consisted of approximately 95 thousand net (112 thousand gross) prospective acres in the Mississippian Lime trend in the Woods and Alfalfa Counties of Oklahoma. Its liquids-heavy Rockies properties include wells and properties primarily located in the Lost Soldier and Wertz fields in the Rockies at its Bairoil complex. Its Beta properties include two wellbore production platforms and one production handling and processing platform. The Company’s business activities are conducted through Amplify Energy Operating LLC, its wholly owned subsidiary, and its wholly owned subsidiaries.
Fairly Valued
The company’s latest PB is 0.49, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 16.90M shares, increasing 4.56% quarter-over-quarter.
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company’s operations are focused on Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana. Its liquid-rich acreage in Oklahoma consisted of approximately 95 thousand net (112 thousand gross) prospective acres in the Mississippian Lime trend in the Woods and Alfalfa Counties of Oklahoma. Its liquids-heavy Rockies properties include wells and properties primarily located in the Lost Soldier and Wertz fields in the Rockies at its Bairoil complex. Its Beta properties include two wellbore production platforms and one production handling and processing platform. The Company’s business activities are conducted through Amplify Energy Operating LLC, its wholly owned subsidiary, and its wholly owned subsidiaries.