Amplify Energy Announces First Quarter 2025 Results, Beta Development Update and Updated Full-Year 2025 Guidance
- HOUSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2025 and updated full-year 2025 guidance for the Company.
- 05/12/2025
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New Strong Sell Stocks for May 9th
- AVNS, BCC and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 9, 2025.
- 05/09/2025
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New Strong Sell Stocks for May 1st
- AMPY, ASTS and BOLD have been added to the Zacks Rank #5 (Strong Sell) List on May 1, 2025.
- 05/01/2025
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Amplify Energy to End Merger Deal Amid Extreme Market Volatility
- AMPY and Juniper Capital Advisors' mutual decision to terminate the Agreement and Plan of Merger was primarily due to extreme market volatility.
- 04/30/2025
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New Strong Sell Stocks for April 29th
- AIRYY, AMPY and AMTB have been added to the Zacks Rank #5 (Strong Sell) List on April 29, 2025.
- 04/29/2025
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Amplify Energy Schedules First Quarter 2025 Earnings Release and Conference Call
- HOUSTON, April 28, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2025 financial and operating results after the U.S. financial markets close on May 12, 2025. Management will host a conference call at 10:00 a.m. CT on May 13, 2025, to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (888) 999-3182 (Conference ID: AEC1Q25) at least 15 minutes prior to the start of the call. A telephonic replay will be available for fourteen days following the call by dialing (800) 654-1563 and providing the Access Code: 52458798. A transcript and a recorded replay of the call will also be available on our website after the call.
- 04/28/2025
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Amplify Energy and Juniper Capital Announce Termination of Merger Agreement
- HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that the Company and Juniper Capital Advisors, L.P. (“Juniper”) have entered into a mutual termination agreement (“Termination Agreement”) to terminate (the “Termination”) the previously announced Agreement and Plan of Merger (the “Merger Agreement”) in light of the extraordinary volatility in the market. In accordance with the terms of the Termination Agreement, Juniper is receiving a cash payment of $800,000 in lieu of any termination fee which might have been otherwise payable pursuant to the Merger Agreement.
- 04/25/2025
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New Strong Sell Stocks for April 25th
- ALVO, AMPY and ADV have been added to the Zacks Rank #5 (Strong Sell) List on April 25, 2025.
- 04/25/2025
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Amplify Announces Intention to Further Adjourn Special Meeting of Stockholders
- HOUSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it intends to open and immediately adjourn its reconvened Special Meeting of Stockholders (the “Special Meeting”) relating to the Company's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. There will be no voting or other matters conducted at the meeting on April 23, 2025, and the Company intends to reconvene the Special Meeting on May 1, 2025 at 8:00 a.m.
- 04/23/2025
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New Strong Sell Stocks for April 22nd
- AMPY, DAKT and XOM have been added to the Zacks Rank #5 (Strong Sell) List on April 22, 2025.
- 04/22/2025
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Amplify Energy and Juniper Capital Announce Amendment to the Merger Agreement
- Juniper to Contribute Incremental $10 Million in Cash Updates Oil and Gas Hedge Positions and Juniper Reserve Values HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced an amendment to the existing terms of its previously disclosed Agreement and Plan of Merger with Juniper Capital's (“Juniper”) upstream Rocky Mountain portfolio companies. The amended agreement will now provide for Juniper to contribute an incremental $10 million of cash to further reduce the net debt of the combined companies.
- 04/15/2025
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Amplify Announces Intention to Adjourn Special Meeting of Stockholders
- HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it intends to open and immediately adjourn its Special Meeting of Stockholders (the “Special Meeting”) relating to the Company's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. There will be no voting or other matters conducted at the meeting on April 14, 2025, and the Company intends to reconvene the Special Meeting on April 23, 2025 at 9:00 a.m.
- 04/14/2025
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Amplify Energy Vote Monday
- Amplify Energy Corp. shareholders must decide by midnight whether to approve Amplify's dilutive stock issuance proposal, which could lead to bankruptcy. The deal is outdated due to volatile macro conditions, making it far worse than initially presented. Approval means months of uncertainty and likely failure; rejection offers a chance for survival by refocusing on cost containment.
- 04/11/2025
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New Strong Sell Stocks for April 7th
- ASTS, AMPY and ACA have been added to the Zacks Rank #5 (Strong Sell) List on April 7, 2025.
- 04/07/2025
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ISS Recommends Shareholders Vote “FOR” Amplify's Proposed Acquisition of Assets from Juniper Capital
- HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, has recommended that shareholders vote “FOR” the Company's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. The Company issued the following statement in response to ISS' recommendation:
- 04/01/2025
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Announcement of Fixed Income Investor Meetings
- HOUSTON, March 30, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) has mandated Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, as joint bookrunners to arrange a series of fixed income investor meetings commencing March 31, 2025. A new USD-denominated, 5-year senior unsecured bond issue (the “Bonds”) may follow, subject to market conditions, among other factors (the “Contemplated Bond Offering”).
- 03/30/2025
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Amplify Provides Additional Information on Acquisition of Assets from Juniper Capital
- HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today posted a new presentation on its website, providing additional information on its previously announced definitive agreement to acquire Juniper Capital's upstream Rocky Mountain portfolio companies.
- 03/25/2025
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After Plunging -25.74% in 4 Weeks, Here's Why the Trend Might Reverse for Amplify Energy (AMPY)
- 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.
- 03/24/2025
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3 Penny Stocks to Buy Now for Big Gains in the Energy Market
- AMPY, NINE and HBRIY are three energy stocks with share prices under $5 ("penny stocks") that could generate significant gains for early investors.
- 03/19/2025
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After Plunging -27.5% in 4 Weeks, Here's Why the Trend Might Reverse for Amplify Energy (AMPY)
- Amplify Energy (AMPY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 03/18/2025
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3 Oil Stocks to Invest in Now as Crude Tumbles to 2025 Lows
- Scoop up three quality energy stocks - MTDR, PR and AMPY - that have been beaten down.
- 03/10/2025
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Amplify Energy Corp. (AMPY) Q4 2024 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q4 2024 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Jim Frew - SVP and CFO Martyn Willsher - President and CEO Dan Furbee - SVP and COO Conference Call Participants Jeff Grampp - Alliance Global Partners Subash Chandra - Benchmark Operator Welcome to Amplify Energy's Fourth Quarter 2024 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on March 5, 2025, and are available on Amplify's website at www.amplifyenergy.com.
- 03/06/2025
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Here's Why Amplify Energy (AMPY) Is a Great 'Buy the Bottom' Stock Now
- Amplify Energy (AMPY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
- 03/06/2025
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Amplify Energy (AMPY) Lags Q4 Earnings and Revenue Estimates
- Amplify Energy (AMPY) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $1.07 per share a year ago.
- 03/05/2025
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Amplify Energy Announces Fourth Quarter and Full-Year 2024 Results, Year-End 2024 Proved Reserves, Juniper Capital Acquisition Update and Standalone Full-Year 2025 Guidance
- HOUSTON, March 05, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the fourth quarter and full-year 2024, year-end 2024 proved reserves, Juniper Capital (“Juniper”) acquisition update and full-year 2025 standalone guidance for the Company.
- 03/05/2025
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Earnings Preview: Amplify Energy (AMPY) Q4 Earnings Expected to Decline
- 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.
- 02/26/2025
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Should Value Investors Buy Amplify Energy (AMPY) 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.
- 02/26/2025
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AMPY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Amplify Energy Corp. Is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Amplify Energy Corp. (NYSE: AMPY) and Juniper Capital's Upstream Rocky Mountain Portfolio Companies is fair to Amplify shareholders. Under the terms of the proposed transaction, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock. Upon completion of the proposed transaction, Amplify shareholders will retain approximately 61% of Amplify's outstanding e.
- 02/24/2025
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Amplify Energy Schedules Fourth Quarter 2024 Earnings Release and Conference Call
- HOUSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2024 financial and operating results after the U.S. financial markets close on March 5, 2025. Management will host a conference call at 10:00 a.m. CT on March 6, 2025, to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (888) 999-5318 (Conference ID: AEC4Q24) at least 15 minutes prior to the start of the call. A telephonic replay will be available for fourteen days following the call by dialing (800) 654-1563 and providing the Access Code: 71724906. A transcript and a recorded replay of the call will also be available on our website after the call.
- 02/19/2025
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AMPLIFY ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Amplify Energy Corp. - AMPY
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Amplify Energy Corp. (NYSE: AMPY) and Juniper Capital's Upstream Rocky Mountain Portfolio Companies. Pursuant to the terms of the agreement, at the closing of the transaction, Amplify shareholders will retain only approximately 61% of Amplify's outstanding equity. KSF is seeking to determine whether the merg.
- 01/16/2025
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$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Amplify Energy Corp. - AMPY
- NEW YORK , Jan. 15, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Amplify Energy Corp. (NYSE: AMPY ), relating to the proposed merger with Juniper Capital.
- 01/15/2025
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Amplify Energy Announces Transformational Combination with Juniper Capital's Upstream Rocky Mountain Portfolio Companies
- HOUSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it has entered into a definitive merger agreement (the “Merger Agreement” and the transactions contemplated thereby, the “Transaction”) with privately held Juniper Capital (“Juniper”) to combine with certain Juniper portfolio companies which own substantial oil-weighted producing assets and significant leasehold interests in the DJ and Powder River Basins. Under the terms of the Merger Agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock( 1), par value $0.01 per share, and assume approximately $133 million in net debt( 2 ). Pro forma for the Transaction, Amplify shareholders will retain approximately 61% of Amplify's outstanding equity and approximately 39% will be owned by Juniper. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including obtaining the requisite shareholder and regulatory approvals.
- 01/15/2025
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Amplify Energy to Participate in Fireside Chat with Alliance Global Partners on January 23, 2025
- HOUSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that management will participate in a fireside chat hosted by Jeff Grampp, Senior Analyst at Alliance Global Partners on January 23, 2025. Details of the call are provided below.
- 01/10/2025
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Amplify Energy: Encouraging Continued Results From Beta Development
- Amplify Energy's Beta C59 well has exceeded early expectations and is on track for a six- to nine-month payback period. This well is at the far south of the Beta field and points to AMPY having good development opportunities in that area too. The Company's A50 well reached payback in approximately 5 months.
- 12/05/2024
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Amplify Energy Down 8% Since Q3: What to Do With the Stock?
- AMPY's newly completed C59 well achieved an impressive oil production rate, surpassing expectations.
- 11/27/2024
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Amplify Energy Corp. (AMPY) Q3 2024 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Jim Frew - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Dan Furbee - Senior Vice President and Chief Operating Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Subash Chandra - Benchmark Jeff Robertson - Water Tower Research Operator Welcome to Amplify Energy's Third Quarter 2024 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on August 7, 2024, and are available on Amplify's website at www.amplifyenergy.com.
- 11/07/2024
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A Closer Look at the U.S. Upstream Oil & Gas Industry
- Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on shares of companies like CIVI, NOG, CRC and AMPY.
- 11/07/2024
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Amplify Energy (AMPY) Beats Q3 Earnings Estimates
- Amplify Energy (AMPY) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to loss of $0.34 per share a year ago.
- 11/06/2024
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Amplify Energy (AMPY) Reports Next Week: Wall Street Expects Earnings Growth
- 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.
- 10/30/2024
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Amplify Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
- HOUSTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2024 financial and operating results after the U.S. financial markets close on November 6, 2024. Management will host a conference call at 10:00 a.m. CT on November 7, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (877) 550-1707 (Conference ID: AEC3Q24) 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: 10171254) for a fourteen-day period following the call.
- 10/23/2024
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Amplify Energy Stock Up 12% This Year: Will Trend Hold?
- While AMPY's vulnerability to oil price volatility cannot be ignored, the company has strong long-term potential.
- 10/02/2024
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Amplify Energy: Strong Early Results From The A50 Beta Well
- Amplify's A50 Beta well exceeded production expectations and came in below budget. That well is expected to pay back in a bit over 4 months. AMPY is projected to generate $17 million in 2H 2024 FCF after cash income taxes.
- 09/26/2024
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Amplify Energy to Participate in the 2024 Citadel Securities Energy Investor Days
- HOUSTON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that the Company will be participating in the Citadel Securities Energy Investor Days in New York City, NY on October 1st, 2024.
- 09/13/2024
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Amplify Energy Falls 5.4% in August: Here's How to Play the Stock
- AMPY looks cheap but the company could end up being a value trap as its EPS outlook continues to weaken.
- 08/27/2024
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Amplify Energy to Participate in the 2024 EnerCom Denver – The Energy Investment Conference
- HOUSTON, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that the Company will be participating in the 29th Annual EnerCom Denver – The Energy Investment Conference in Denver, Colorado on August 19-20th, 2024.
- 08/15/2024
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What to Expect From the U.S. Upstream Oil & Gas Industry
- Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise buying shares of companies like DVN, SM, NOG and AMPY.
- 08/14/2024
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Are Investors Undervaluing Amplify Energy (AMPY) Right Now?
- 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.
- 08/14/2024
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Recent Price Trend in Amplify Energy (AMPY) is Your Friend, Here's Why
- Amplify Energy (AMPY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 08/09/2024
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Are Oils-Energy Stocks Lagging Amplify Energy (AMPY) This Year?
- Here is how Amplify Energy (AMPY) and Vaalco Energy (EGY) have performed compared to their sector so far this year.
- 08/08/2024
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Amplify Energy (AMPY) Q2 Earnings and Revenues Lag Estimates
- Amplify Energy (AMPY) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.24 per share a year ago.
- 08/07/2024
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Amplify Energy (AMPY) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Amplify Energy (AMPY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 07/30/2024
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Is Amplify Energy (AMPY) Stock Undervalued Right Now?
- 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.
- 07/29/2024
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5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up Now
- We have screened value stocks HG, AMPY, STKS, PAGS and PAM based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 07/26/2024
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Amplify Energy Schedules Second Quarter 2024 Earnings Release and Conference Call
- HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2024 financial and operating results after the U.S. financial markets close on August 7, 2024. Management will host a conference call at 10:00 a.m. CT on August 8, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 245-3047 (Conference ID: AEC2Q24) 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: 71724901) for a fourteen-day period following the call.
- 07/24/2024
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Bull Of The Day: Amplify Energy (AMPY)
- This stock had a strong session yesterday and looks to continue that trend again.
- 07/24/2024
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Rotation Trade May Prompt Stock Gains for AMPY, GLDD, TREE
- Losing trades spring back to life in July, which calls for investing in small-cap growth stocks such as Amplify Energy (AMPY), Great Lakes Dredge & Dock (GLDD) and LendingTree (TREE).
- 07/22/2024
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Are Oils-Energy Stocks Lagging Amplify Energy (AMPY) This Year?
- Here is how Amplify Energy (AMPY) and Cheniere Energy Partners, L.P. (CQP) have performed compared to their sector so far this year.
- 07/22/2024
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Amplify Energy (AMPY) is on the Move, Here's Why the Trend Could be Sustainable
- Amplify Energy (AMPY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 07/18/2024
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Should You Buy Amplify Energy (AMPY) After Golden Cross?
- After reaching an important support level, Amplify Energy Corp. (AMPY) could be a good stock pick from a technical perspective. AMPY recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
- 07/17/2024
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Should Value Investors Buy Amplify Energy (AMPY) 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.
- 07/11/2024
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Amplify Energy (AMPY)
- Amplify Energy (AMPY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 07/11/2024
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Wall Street Analysts See a 45.41% Upside in Amplify Energy (AMPY): Can the Stock Really Move This High?
- The average of price targets set by Wall Street analysts indicates a potential upside of 45.4% in Amplify Energy (AMPY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 07/10/2024
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3 Micro-Cap Moonshots for Fearless Investors
- When discussing micro-cap stocks, it's important to recognize their general overlap with the world of penny stocks. These stocks trade as shares of companies with market capitalizations between $50 million and $300 million.
- 07/08/2024
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7 Cheap Stocks You Can (and Should) Buy for Under $10
- You get what you pay for – you've heard this adage before. And in most cases, it's a true statement, especially in the market.
- 07/04/2024
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Earnings Estimates Moving Higher for Amplify Energy (AMPY): Time to Buy?
- Amplify Energy (AMPY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/27/2024
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Wall Street Analysts Think Amplify Energy (AMPY) Could Surge 58.55%: Read This Before Placing a Bet
- The average of price targets set by Wall Street analysts indicates a potential upside of 58.6% in Amplify Energy (AMPY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 06/24/2024
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Are Investors Undervaluing Amplify Energy (AMPY) Right Now?
- 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.
- 06/24/2024
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Is the Options Market Predicting a Spike in Amplify Energy (AMPY) Stock?
- Investors need to pay close attention to Amplify Energy (AMPY) stock based on the movements in the options market lately.
- 06/07/2024
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Canadian Natural Resources (NYSE:CNQ) vs. Amplify Energy (NYSE:AMPY) Head to Head Analysis
- Canadian Natural Resources (NYSE:CNQ – Get Free Report) and Amplify Energy (NYSE:AMPY – Get Free Report) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, valuation, dividends, risk, profitability, analyst recommendations and institutional ownership. Profitability This table compares Canadian Natural Resources and Amplify Energy’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Canadian Natural Resources 18.21% 20.58% 10.69% Amplify Energy 10.06% 8.29% 4.25% Earnings & Valuation This table compares Canadian Natural Resources and Amplify Energy’s revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Canadian Natural Resources $30.25 billion 2.73 $6.10 billion $5.02 15.35 Amplify Energy $307.60 million 0.81 $392.75 million $0.73 8.62 Canadian Natural Resources has higher revenue and earnings than Amplify Energy. Amplify Energy is trading at a lower price-to-earnings ratio than Canadian Natural Resources, indicating that it is currently the more affordable of the two stocks. Institutional & Insider Ownership 74.0% of Canadian Natural Resources shares are owned by institutional investors. Comparatively, 42.8% of Amplify Energy shares are owned by institutional investors. 5.0% of Canadian Natural Resources shares are owned by insiders. Comparatively, 2.0% of Amplify Energy shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term. Analyst Recommendations This is a summary of recent ratings and recommmendations for Canadian Natural Resources and Amplify Energy, as reported by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Canadian Natural Resources 0 5 2 0 2.29 Amplify Energy 0 0 3 0 3.00 Canadian Natural Resources currently has a consensus price target of $94.00, indicating a potential upside of 21.97%. Amplify Energy has a consensus price target of $9.83, indicating a potential upside of 56.33%. Given Amplify Energy’s stronger consensus rating and higher probable upside, analysts plainly believe Amplify Energy is more favorable than Canadian Natural Resources. Risk & Volatility Canadian Natural Resources has a beta of 1.52, meaning that its share price is 52% more volatile than the S&P 500. Comparatively, Amplify Energy has a beta of 2.03, meaning that its share price is 103% more volatile than the S&P 500. Summary Canadian Natural Resources beats Amplify Energy on 10 of the 14 factors compared between the two stocks. About Canadian Natural Resources (Get Free Report) Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. About Amplify Energy (Get Free Report) Amplify Energy Corp., together with its subsidiaries, 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. The company is based in Houston, Texas.
- 05/20/2024
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Amplify Energy Corp. (AMPY) Q1 2024 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants James Frew - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Daniel Furbee - Senior Vice President and Chief Operating Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Subash Chandra - The Benchmark Company Operator Good day, and welcome to Amplify Energy's First Quarter 2024 Investor Conference Call. Amplify's operating financial results were released yesterday after market close on May 8, 2024, and are available on Amplify's website at www.amplifyenergy.com.
- 05/09/2024
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Amplify Energy (AMPY) Reports Q1 Loss, Lags Revenue Estimates
- Amplify Energy (AMPY) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of $0.23. This compares to loss of $0.06 per share a year ago.
- 05/08/2024
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Amplify Energy Announces First Quarter 2024 Results and Improved 2024 Guidance
- HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2024.
- 05/08/2024
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New Strong Sell Stocks for May 3rd
- MMM, ASGN and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 3, 2023.
- 05/03/2024
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Amplify Energy Schedules First Quarter 2024 Earnings Release and Conference Call
- HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2024 financial and operating results after the U.S. financial markets close on May 8, 2024. Management will host a conference call at 10:00 a.m. CT on May 9, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 901-2707 (Conference ID: AEC1Q24) 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: 59240315) for a fourteen-day period following the call.
- 04/24/2024
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Amplify Energy (AMPY) Earnings Expected to Grow: Should You Buy?
- 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.
- 04/24/2024
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New Strong Sell Stocks for April 15th
- AMPY, PRG and CTTAY have been added to the Zacks Rank #5 (Strong Sell) List on April 15, 2024.
- 04/15/2024
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Amplify (AMPY) Denies Any Relation to Oil Sheen in California
- 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.
- 03/12/2024
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Amplify Energy Update on Southern California Oil Sheen
- HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify,” the “Company,” “us,” “we,” or “our”) (NYSE: AMPY) continues to monitor the status of the oil sheen reported on March 7, 2024, off the coast of Huntington Beach, California. Amplify has the following updates to report:
- 03/11/2024
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Amplify Energy Statement on Southern California Oil Sheen
- HOUSTON, March 08, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify,” the “Company,” “us,” “we,” or “our”) (NYSE: AMPY) is aware of reports of an oil sheen off the coast of Huntington Beach, California. At this time, we have no indication that this sheen is related to our operations. We will continue to cooperate with the U.S. Coast Guard and other relevant authorities and provide support in any way we can.
- 03/08/2024
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Amplify Energy (AMPY) Q4 Earnings and Revenues Surpass Estimates
- 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.
- 03/06/2024
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Amplify Energy Announces Fourth Quarter and Full-Year 2023 Results, Year-End 2023 Proved Reserves and Full-Year 2024 Guidance
- HOUSTON, March 06, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the fourth quarter and full-year 2023, year-end 2023 proved reserves and guidance for full-year 2024.
- 03/06/2024
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Analysts Estimate Amplify Energy (AMPY) to Report a Decline in Earnings: What to Look Out for
- 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.
- 02/28/2024
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Amplify Energy Schedules Fourth Quarter 2023 Earnings Release and Conference Call
- 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.
- 02/22/2024
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Amplify Energy: With Upside Catalysts, An Ideal Buying Opportunity Has Emerged In This $5 Oil Stock
- Amplify Energy: With Upside Catalysts, An Ideal Buying Opportunity Has Emerged In This $5 Oil Stock
- 02/08/2024
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Amplify Energy: Better Hedged And Upcoming Catalysts
- Amplify Energy: Better Hedged And Upcoming Catalysts
- 01/02/2024
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Should Value Investors Buy Amplify Energy (AMPY) 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.
- 12/11/2023
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Down -13.69% in 4 Weeks, Here's Why Amplify Energy (AMPY) Looks Ripe for a Turnaround
- 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.
- 11/08/2023
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Amplify Energy: Q3 Results Suggest An Attractive Trajectory
- 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.
- 11/07/2023
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Amplify Energy Corp. (AMPY) Q3 2023 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q3 2023 Results Conference Call November 7, 2023 11:00 AM ET Company Participants Jim Frew - SVP and CFO Martyn Willsher - President and CEO Dan Furbee - SVP and COO Conference Call Participants Operator Welcome to Amplify Energy's Third Quarter 2023 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on November 6, 2023 and are available on Amplify's website at www.amplifyenergy.com.
- 11/07/2023
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Amplify Energy (AMPY) to Post Q3 Earnings: What's in Store?
- Favorable commodity prices are likely to have aided Amplify Energy (AMPY) in Q3.
- 11/02/2023
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Amplify Energy: Improved Projected Free Cash Flow Despite New Hedges
- 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.
- 10/28/2023
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Amplify Energy Schedules Third Quarter 2023 Earnings Release and Conference Call
- 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.
- 10/23/2023
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Amplify Energy (AMPY)
- 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.
- 10/03/2023
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The 7 Most Undervalued Safe Stocks to Buy in September 2023
- September — widely regarded as the “worst month for the stock market” — is living up to its reputation. In fact, the S&P 500 is down 1% since August, in line with its average 1.1% monthly decline since 1928.
- 09/13/2023
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Amplify Energy: A Long-Term Winner On Valuation And Quality Assets
- 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.
- 08/23/2023
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Amplify Energy: Beneficial FCF Guidance May Enhance The Valuation
- AMPY delivered impressive FCF expectations and refinanced its balance sheet with a new credit agreement. The company has reserves expected to last for a long time and already delivers positive FCF. Amplify Energy Corp. appears undervalued, with a discounted future net cash flow significantly higher than its current market capitalization.
- 08/15/2023
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Amplify Energy (AMPY) Q2 Earnings and Revenues Beat Estimates
- Amplify Energy (AMPY) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.73 per share a year ago.
- 08/08/2023
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Amplify Energy (AMPY) Surges 5.9%: Is This an Indication of Further Gains?
- Amplify Energy (AMPY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 07/10/2023
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New Strong Sell Stocks for May 23rd
- AMPY, FL and FRO have been added to the Zacks Rank #5 (Strong Sell) List on May 23, 2023.
- 05/23/2023
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New Strong Sell Stocks for May 12th
- AUB, CASS and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 12, 2023.
- 05/12/2023
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Amplify Energy Corp. (AMPY) Q1 2023 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Jim Frew - Senior Vice President & Chief Financial Officer Martyn Willsher - President & Chief Executive Officer Dan Furbee - Senior Vice President & Chief Operating Officer Conference Call Participants Operator Welcome to the Amplify Energy's First Quarter 2023 Investment Conference Call. Amplify's operating and financial results were released yesterday after market close on May 3, 2023 and are available at Amplify website at www.amplifyenergy.com.
- 05/05/2023
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New Strong Sell Stocks for May 4th
- BANC, AVBH and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 4, 2023.
- 05/04/2023
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Amplify Energy (AMPY) Reports Q1 Loss, Tops Revenue Estimates
- Amplify Energy (AMPY) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $1.27 per share a year ago.
- 05/03/2023
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Amplify Energy Schedules First Quarter 2023 Earnings Release and Conference Call
- HOUSTON, April 19, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2023 financial and operating results after the U.S. financial markets close on May 3, 2023. Management will host a conference call at 10:00 a.m. CT on May 4, 2023 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 225-9448 (Conference ID: AEC1Q23) 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: 44231417) for a fourteen-day period following the call.
- 04/19/2023
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Micro-Cap Energy Stocks Ranked By Quality
- Twenty-one micro-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, YOY Revenue Growth, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. I would advise only those investors with a high risk tolerance to consider micro-cap energy producers.
- 04/01/2023
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Amplify Energy: 5x FCF Calls For Significant Upside
- Amplify Energy obtained a net settlement payment of $85 million. Balance sheet is now healthy being significantly deleveraged to
- 03/30/2023
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Amplify Energy Corp. (AMPY) Q4 2022 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q4 2022 Earnings Conference Call March 10, 2023 11:00 AM ET Company Participants Eric Willis - Senior Vice President and General Counsel Martyn Willsher - President and Chief Executive Officer Operator Welcome to Amplify Energy's Fourth Quarter 2022 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on March 9, 2023 and are available on Amplify's website at www.amplifyenergy.com.
- 03/10/2023
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Amplify Energy (AMPY) Tops Q4 Earnings and Revenue Estimates
- Amplify Energy (AMPY) delivered earnings and revenue surprises of 1,157.14% and 59.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 03/09/2023
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Amplify Energy Schedules Fourth Quarter 2022 Earnings Release and Conference Call
- HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2022 financial and operating results after the U.S. financial markets close on March 9, 2023. Management will host a conference call at 10:00 a.m. CT on March 10, 2023 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 225-9448 (Conference ID: AEC4Q22) 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: 21021351) for a fourteen-day period following the call.
- 03/02/2023
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Amped Up For 2023 With Amplify
- 2022 was my most concentrated book ever. ABMD, TWTR, RENN, and AMPY.
- 12/30/2022
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Amplify: Q3 Earnings Support Bull Case
- Amplify is set to benefit as hedges roll off and Beta returns to operation. A reasonable fair value is $13.20/share, for over 40% upside.
- 11/05/2022
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Amplify Energy Corp. (AMPY) Q3 2022 Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q3 2022 Results Conference Call November 2, 2022 11:00 AM ET Company Participants Jason McGlynn - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Conference Call Participants John White - ROTH Capital Jeff Robertson - Water Tower Research Operator Welcome to Amplify Energy Third Quarter 2022 Investor Conference Call. Amplify's operating and financial results were released yesterday, after market closed on November 01, 2022 and are available on Amplify's website at www.amplifyenergy.com.
- 11/02/2022
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Amplify Energy Schedules Third Quarter 2022 Earnings Release and Conference Call
- HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2022 financial and operating results after the U.S financial markets close on November 1, 2022. Management will host a conference call at 10:00 a.m. CT on November 2, 2022 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 267-6316 (Conference ID: AEC3Q22) 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: 10110635) for a fourteen-day period following the call.
- 10/19/2022
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Amplify Somewhat Derisked As California Assets Expected Back Online In Months
- Amplify is a small-cap S&P that saw a pipeline leak 12 months ago. Amplify was awaiting pipeline permits to restart, that process is almost complete with an announcement on 10/1/22.
- 10/03/2022
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Amplify Energy Corp. Has Fantastic Revenue, Poor Profitability And Appears Overpriced Vs. Peers
- 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.
- 09/15/2022
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Amplify Energy to pay $5 million to settle criminal charges over California oil spill
- California officials on Thursday said Amplify Energy Corp agreed to plead guilty to six criminal charges and pay nearly $5 million in penalties and fines in connection with a crude oil spill last year that killed birds and fouled beaches.
- 09/08/2022
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Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q2 2022 Results - Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q2 2022 Results Conference Call August 4, 2022 11:00 AM ET Company Participants Jason McGlynn - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Conference Call Participants John White - ROTH Capital Jason McGlynn Good morning, and welcome to the Amplify Energy conference call to discuss operating and financial results for the second quarter of 2022. Joining me on the call today is Martyn Willsher, Amplify's President and Chief Executive Officer.
- 08/06/2022
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Amplify Energy Schedules Second Quarter 2022 Earnings Release and Conference Call
- HOUSTON, July 26, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2022 financial and operating results after the U.S financial markets close on August 3, 2022. Management will host a conference call at 10:00 a.m. CT on August 4, 2022 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 343-5172 (Conference ID: AEC2Q22) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (844) 488-7474 (Access Code: 72522130) for a fourteen-day period following the call.
- 07/26/2022
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Elon Musk's Crazy Twitter Tweets, Amplify's Oil Spill And Kohl's Retail Dumpster Fire
- Want to look smart… or actually make sense? Time horizon arbitrage.
- 06/23/2022
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Amplify Energy: A Top Stock To Own
- 100% technical buy signals. 11 new highs and up 33.97% in the last month.
- 06/01/2022
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Amplify Remains Undervalued Despite 123%/Year Price Gain Since March 2020
- The energy sector has been the worst-performing sector of the last decade, but, with the end of the pandemic, it is poised to become the best performing sector. In the last decade, the industry has deleveraged and improved capital discipline.
- 05/24/2022
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Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q1 2022 Results - Earnings Call Transcript
- Amplify Energy Corp. (NYSE:AMPY ) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Jason McGlynn - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Conference Call Participants John White - ROTH Capital Operator Welcome to Amplify Energy's First Quarter 2022 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on May 4, 2022 and are available on Amplify's website at www.amplifyenergy.com.
- 05/08/2022
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Amplify Energy Schedules First Quarter 2022 Earnings Release and Conference Call
- HOUSTON, April 20, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2022 financial and operating results after the U.S financial markets close on May 4, 2022. Management will host a conference call at 10:00 a.m. CT on May 5, 2022 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 489-9479 (Conference ID: 6891368) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 6891368) for a fourteen-day period following the call.
- 04/20/2022
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Bull Case Solidifies Further For Amplify Energy
- Amplify appears very attractive as a function of rising energy prices and over-discounted spill costs.
- 03/06/2022
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Amplify Energy Schedules Fourth Quarter 2021 Earnings Release and Conference Call
- HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2021 financial and operating results after the U.S financial markets close on March 9, 2022. Management will host a conference call at 10:00 a.m. CT on March 10, 2022 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 489-9479 (Conference ID: 8984535) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 8984535) for a fourteen-day period following the call.
- 02/23/2022
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Amplify Offers Exceptional Value As A Smallcap E&P
- After an oil spill last October, AMPY sold off while the energy sector has broadly rallied on improved, sustained pricing. The California oil spill, though not insignificant, was relatively minor compared to other historic spills and may be largely covered by insurance.
- 02/11/2022
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Amplify Energy Priced Attractively After Spill More Than Discounted In Valuation
- In October 2021, Amplify's pipeline spilled oil, cutting its stock valuation. The spill was less bad than feared at 600 barrels and is perhaps not entirely Amplify's fault.
- 01/07/2022
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3 Ways To Beat The Tax Man: Amplify Energy, Pro-Dex And 1847 Goedeker
- Avoiding – not evading – the IRS. Income tax minimization and estate tax avoidance.
- 11/24/2021
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Best Penny Stocks To Buy Now? 5 To Watch Before Next Week
- Are these on your list of penny stocks right now? The post Best Penny Stocks To Buy Now?
- 11/23/2021
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Amplify Energy Schedules Third Quarter 2021 Earnings Release
- HOUSTON, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2021 financial and operating results before the U.S financial markets open on November 15, 2021.
- 11/11/2021
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Amplify Energy Statement on Southern California Response
- HOUSTON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify”, “Amplify Energy” or the “Company”), parent company to Beta Operating Company, LLC, issued the following statement regarding the ongoing environmental remediation efforts in Southern California:
- 10/18/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amplify Energy Corp. - AMPY
- NEW YORK, Oct. 15, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Amplify Energy Corp. ("Amplify" or the "Company") (NYSE: AMPY). Such investors are advised to contact Robert S.
- 10/15/2021
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AMPLIFY ALERT: Bragar Eagel & Squire, P.C. is Investigating Amplify Energy Corp. on Behalf of Amplify Stockholders and Encourages Investors to Contact the Firm
- NEW YORK--(BUSINESS WIRE)-- #Amplify--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) on behalf of Amplify stockholders. Our investigation concerns whether Amplify has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On October 4, 2021, Amplify issued a press release announcing a larg
- 10/12/2021
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5 Undervalued Energy Companies to Explore as Oil Prices Surpass $80
- As market indexes continue to gain, U.S. crude oil prices topped $80 per barrel for the first time since November 2014 on Friday.
- 10/08/2021
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AMPY Stock: Why It Substantially Increased Today
- The stock price of Amplify Energy Corp (NYSE: AMPY) increased by over 17% today. This is why it happened.
- 10/07/2021
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Amplify Energy Corp. (AMPY) Investors to Contact Firm's Attorneys Now, Firm Investigating Possible Securities Law Violations
- SAN FRANCISCO, Oct. 6, 2021 /PRNewswire/ -- Hagens Berman urges Amplify Energy Corp. (NYSE: AMPY) investors with significant losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/ampy Contact An Attorney Now: AMPY@hbsslaw.com 844-916-0895 Amplify Energy Corp. (AMPY) Investigation: The firm's investigation focuses on Amplify's claims about its environmental, health, and safety ("EH&S") policies.
- 10/06/2021
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AMPY Stock: Why It Substantially Fell
- The stock price of Amplify Energy Corp (NYSE: AMPY) fell by over 40% in the previous trading session. This is why it happened.
- 10/05/2021
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Ademi LLP Investigates Claims of Securities Fraud against Amplify Energy Corp.
- MILWAUKEE, Oct. 5, 2021 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against Amplify (NYSE: AMPY). The investigation results from inaccurate statements Amplify may have made regarding its business operations and prospects.
- 10/05/2021
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(AMPY) Alert: Did You Lose Money on Your Amplify Energy Investment? Contact Johnson Fistel Regarding Investigation
- SAN DIEGO, Oct. 5, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Amplify Energy Corp. (NYSE: AMPY). On October 4, 2021, Amplify Energy said its Beta Offshore subsidiary first observed and notified the U.S. Coast Guard of an oil sheen about four miles off the coast in Southern California.
- 10/05/2021
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Lost Money in Amplify Energy Corp.?
- OAKLAND, Calif.--(BUSINESS WIRE)---- $AMPY--Gibbs Law Group is investigating potential legal claims on behalf of Amplify Energy investors.
- 10/04/2021
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PreMarket Prep Stock Of The Day: Amplify Energy Corp
- Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
- 10/04/2021
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Amplify Energy plummets 51% after it spills 126,000 gallons of oil off coast of California
- The CEO of Amplify said at a press conference that it shut down its pipeline and suctioned out remaining oil as a precautionary measure.
- 10/04/2021
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AMPY Stock Alert: Amplify Energy Plunges 50% Following California Oil Spill
- Amplify Energy's recent oil spill has caused damage to both the coast of Orange County and since markets opened, the value of AMPY stock. The post AMPY Stock Alert: Amplify Energy Plunges 50% Following California Oil Spill appeared first on InvestorPlace.
- 10/04/2021
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Here's why Amplify Energy shares are down 50% on Monday
- Shares of Amplify Energy Corp (NYSE: AMPY) tanked 50% on Monday morning after a company-operated oil rig was reported to have caused a massive oil spill off southern California. Amplify terminated its pipeline operations in the area California officials initiated a clean-up response over the weekend for the spill of roughly 126,000 gallons affecting […] The post Here's why Amplify Energy shares are down 50% on Monday appeared first on Invezz.
- 10/04/2021
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Why Amplify Energy Shares Are Getting Hammered Today
- Amplify Energy Corp. (NYSE: AMPY) shares are trading lower following a southern California ocean oil spill from a rig operated by Amplify Energy. The company has sent a remotely operated vehicle to investigate and attempt to confirm source of the release.
- 10/04/2021
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Amplify Energy stock set for record selloff, to snap 9-day win streak after Southern California oil spill
- Shares of Amplify Energy Corp. AMPY, +8.08% plummeted toward a record selloff in active premarket trading Monday, after the oil and gas company announced a large oil spill in Southern California over the weekend. The stock fell 59.1% to pace all premarket decliners.
- 10/04/2021
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AMPY Stock: Why It Substantially Decreased Today
- The stock price of Amplify Energy Corp. (NYSE: AMPY) fell by over 30% pre-market today. This is why it happened.
- 10/04/2021
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Amplify Energy (AMPY) Soars 8.1%: Is Further Upside Left in the Stock?
- Amplify Energy (AMPY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 10/04/2021
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Southern California Oil Spill
- HOUSTON, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify”, “Amplify Energy” or the “Company”) announced today that on Saturday, October 2, 2021, Beta Offshore (a subsidiary of Amplify Energy) first observed and notified the US Coast Guard of an oil sheen approximately four (4) miles off the coast in Southern California and initiated its Oil Spill Prevention and Response Plan.
- 10/04/2021
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Amplify Energy's (AMPY) CEO Martyn Willsher on Q2 2021 Results - Earnings Call Transcript
- Amplify Energy's (AMPY) CEO Martyn Willsher on Q2 2021 Results - Earnings Call Transcript
- 08/08/2021
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Amplify Energy (AMPY) Meets Q2 Earnings Estimates
- Amplify Energy (AMPY) delivered earnings and revenue surprises of 0.00% and 28.19%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/04/2021
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Amplify Energy Announces Second Quarter 2021 Results and Issues Updated Guidance
- HOUSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2021 and updated its full-year 2021 guidance.
- 08/04/2021
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Amplify Energy (AMPY) Earnings Expected to Grow: Should You Buy?
- 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.
- 07/28/2021
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Amplify Energy Schedules Second Quarter 2021 Earnings Release and Conference Call
- HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2021 financial and operating results after the U.S financial markets close on August 4, 2021. Management will host a conference call at 10:00 a.m. CT on August 5, 2021 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 5076814) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 5076814) for a fourteen-day period following the call.
- 07/21/2021
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Amplify Energy Announces Regaining of Compliance with NYSE Continued Listing Standards and Full Forgiveness of PPP Loan
- HOUSTON, July 12, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on July 8, 2021, the Company received notice from the New York Stock Exchange (“NYSE”) that it had regained compliance with the continued listing standards set forth in Item 802.01B of the NYSE Listed Company Manual.
- 07/12/2021
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Amplify Energy: Trading At A Significant Discount To PDP Reserve Value
- Amplify appears to be trading at around 0.6x PDP PV-10 at current strip prices, factoring in the negative value of its hedges. Its market cap has gone up only $30 million since the beginning of March despite estimated PDP PV-10 at strip increasing by around $158 million since then.
- 06/08/2021
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Amplify Energy (AMPY) Enters Overbought Territory
- Amplify Energy (AMPY) has moved higher as of late, but there could definitely be trouble on the horizon for this company
- 05/25/2021
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Amplify Energy's (AMPY) CEO Martyn Willsher on Q1 2021 Results - Earnings Call Transcript
- Amplify Energy's (AMPY) CEO Martyn Willsher on Q1 2021 Results - Earnings Call Transcript
- 05/08/2021
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SandRidge Does It Again: Buys A Small Royalty, Unhedged Exposure To Rising Prices, Unclear Strategy
- SandRidge Does It Again: Buys A Small Royalty, Unhedged Exposure To Rising Prices, Unclear Strategy
- 04/27/2021
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Are Options Traders Betting on a Big Move in Amplify Energy (AMPY) Stock?
- Investors need to pay close attention to Amplify Energy (AMPY) stock based on the movements in the options market lately.
- 04/09/2021
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Why Amplify Energy (AMPY) Stock Might be a Great Pick
- Amplify Energy (AMPY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/16/2021
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Amplify Energy Corp (AMPY) CEO Martyn Willsher on Q4 2020 Results - Earnings Call Transcript
- Amplify Energy Corp (AMPY) CEO Martyn Willsher on Q4 2020 Results - Earnings Call Transcript
- 03/11/2021
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Amplify Energy (AMPY) Reports Q4 Loss, Lags Revenue Estimates
- Amplify Energy (AMPY) delivered earnings and revenue surprises of -166.67% and -5.94%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 03/11/2021
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Amplify Energy Announces Fourth Quarter 2020 Results, Year-End 2020 Proved Reserves and Full-Year 2021 Guidance
- HOUSTON, March 11, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the fourth quarter 2020, year-end 2020 proved reserves and provided guidance for the full-year 2021.
- 03/11/2021
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SandRidge: Substance Good, Communication Bad
- SandRidge: Substance Good, Communication Bad
- 03/08/2021
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Amplify Energy Schedules Fourth Quarter 2020 Earnings Release and Conference Call
- HOUSTON, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2020 financial and operating results before the U.S financial markets open on March 11, 2021. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 3731609) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 3731609) for a fourteen-day period following the call.
- 02/23/2021
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Amplify Energy Announces Appointment of Patrice Douglas to its Board of Directors
- HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today the appointment of Patrice Douglas to the Company's Board of Directors (the “Board”). Ms. Douglas will serve on the Audit Committee of the Board.
- 02/10/2021
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Amplify Energy Announces Appointment of Chief Executive Officer, Chief Financial Officer and Chairman of the Board
- HOUSTON, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today executive management and Board of Director changes effective January 19, 2021.
- 01/21/2021
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SandRidge Trounces Market, Still Undervalued
- SandRidge Trounces Market, Still Undervalued
- 01/15/2021
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Not Too Hot, Not Too Cold; EOG Is Just Right
- Not Too Hot, Not Too Cold; EOG Is Just Right
- 01/03/2021
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Amplify Energy Successfully Closes Secondary Public Offering of Common Stock for Selling Stockholders
- HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify”) today announced it has closed an underwritten public offering of 8,548,485 shares of its common stock by certain of its stockholders, which are affiliates of Fir Tree Capital Management L.P., at a price to the public of $1.15 per share.
- 12/15/2020
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Amplify Energy Announces Pricing of Secondary Public Offering of Common Stock for Selling Stockholders
- HOUSTON, Texas, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify”) today announced the pricing of an underwritten public offering of 8,548,485 shares of its common stock by certain of its stockholders which are affiliates of Fir Tree Capital Management L.P., at a price to the public of $1.15 per share. The offering is expected to close on December 15, 2020, subject to customary closing conditions.
- 12/11/2020
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Amplify Energy Announces Secondary Public Offering of Common Stock for Selling Stockholders
- HOUSTON, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify”) today announced the commencement of an underwritten public offering of 8,548,485 shares of its common stock by certain of its stockholders which are affiliates of Fir Tree Capital Management L.P.
- 12/10/2020
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Amplify Energy Announces Successful Borrowing Base Reaffirmation
- HOUSTON, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has completed the regularly scheduled semi-annual redetermination of its revolving credit facility (“RCF”) borrowing base and entered into an amendment to its credit agreement. The redetermination reaffirmed the borrowing base at $260 million. The next regularly scheduled borrowing base redetermination is expected to occur in April 2021.
- 11/18/2020
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Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q3 2020 Results - Earnings Call Transcript
- Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q3 2020 Results - Earnings Call Transcript
- 11/07/2020
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Amplify Energy Announces Third Quarter 2020 Earnings Conference Call
- HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2020 financial and operating results on November 5, 2020. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 7283609) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 7283609) for a fourteen-day period following the call.
- 10/28/2020
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Did Hedge Funds Make The Right Call On Amplify Energy Corp. (AMPY) ?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 08/11/2020
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Amplify Energy Announces Second Quarter 2020 Results and Liquidity Enhancement Initiatives Update
- HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2020 and provided an update regarding its liquidity enhancement initiatives announced in the first quarter of 2020 earnings press release. Key Highlights * Update on Liquidity Enhancement Initiatives: * Reduced operating expenses quarter-over-quarter by approximately $8 million, exceeding original expectations of $4 to $5 million * Reduced recurring cash general and administrative (“G&A”) expenses quarter-over-quarter by approximately $2.5 million * Reduced 2020 capital spending plan by more than $8 million and expects full year capital spend of approximately $28 million * Finalized Beta royalty relief process that is expected to generate approximately $7 million per year of incremental revenue (assuming a $40/Bbl WTI price) * During the second quarter of 2020 the Company generated: * Daily production of 27.7 MBoe/d * Net cash provided by operating activities of $29.9 million * Adjusted EBITDA of $21.3 million * Free Cash Flow of $11.1 million * Current mark-to-market hedge book value of $25 million as of July 31, 2020 * As of July 31, 2020, net debt was $259 million, inclusive of $16 million of cash on hand“Despite the ongoing issues related to COVID-19, Amplify turned out an excellent quarter by focusing on the execution of our liquidity enhancement initiatives and operational performance of our long life, low-decline assets,” said Martyn Willsher, Interim Chief Executive Officer and Chief Financial Officer of Amplify. “Among the many highlights from this quarter were the overachievement of our liquidity initiatives, which included significant overhead and operating cost reductions, the finalization of our royalty relief process in California and the successful redetermination of our revolving credit facility that provides a supportive borrowing base solution. These results were only possible due to relentless effort from our team, and I’m very proud of our employees for their continued dedication throughout this difficult time.” Liquidity Enhancement Initiatives UpdateOperating Cost and Corporate Overhead Reductions – Amplify’s lease operating expenses were reduced from $35.7 million in the first quarter to $27.8 million in the second quarter. The quarter-over-quarter savings of $7.9 million exceeded internal expectations of $4 to $5 million for the quarter and were accomplished due to outstanding execution by Amplify’s employees. While the Company anticipates that a portion of these cost reductions are non-recurring, the Company remains committed to identifying and executing on incremental operational savings initiatives and expects to continue exceeding original estimates.Additionally, Amplify reduced recurring cash G&A spending from $8.7 million in the first quarter to $6.2 million in the second quarter, which was in line with expectations. Amplify expects G&A spending to continue to trend down in the third quarter and beyond. Capital Reductions – Capital spending during the second quarter was $7 million, which was in line with the Company’s expectations and represented a $8 million reduction from the first quarter. Amplify’s remaining capital expenditure budget for the second half of 2020 is approximately $6 million. Amplify’s remaining capital activity is focused principally on maintenance projects, which are essential to equipment integrity and operational efficiency, in addition to high rate of return workover projects.Beta Field Royalty Relief – As anticipated, Amplify successfully qualified for royalty relief at its Beta field effective July 1, 2020. Amplify’s royalty rate at Beta decreased by 50%, which resulted in increased net production of approximately 500 Bbls/d and additional revenue of approximately $7 million per year assuming a $40/Bbl WTI price. Notably, this royalty relief program provides relief for both existing production and incremental production in the future when economic conditions allow for additional development.Key Financial Results Second Quarter First Quarter Average daily production (MBoe/d) 27.7 29.7 Total revenues $35.2$58.1 Total assets $453.7$507.1 Net (loss) (1) $0.0($367.2) Adjusted EBITDA (a non-GAAP financial measure) $21.3$17.2 Net debt (2) $272.3$288.1 Net cash provided by operating activities $29.9$13.1 Total capital $6.8$15.3 1. Net loss for first quarter driven by $455.0 million asset impairments 2. As of June 30, 2020 and March 31, 2020, respectivelyRevolving Credit Facility and Liquidity UpdateOn June 15, 2020, Amplify announced that it has completed the regularly scheduled redetermination of its revolving credit facility borrowing base and entered into an amendment to its credit agreement. The redetermination resulted in a revised borrowing base of $285 million effective June 12, 2020 with scheduled monthly reductions of $5 million until the borrowing base reaches $260 million on November 1, 2020. The Company expects the next regularly scheduled borrowing base redetermination to occur in November 2020.As of July 31, 2020, Amplify had total net debt of $259 million under its revolving credit facility with $21 million of available liquidity.Operations and Capital Spending Update During the second quarter of 2020, average daily production was approximately 27.7 MBoe. This result included reductions attributable to the annual Bairoil turnaround, temporary curtailment of Amplify’s non-operated Eagle Ford assets and incremental offline wells in the Company’s Oklahoma assets. At Bairoil, the annual plant turnaround was completed on time and on schedule in June, and the field has quickly returned to pre-turnaround production levels in July. The non-operated Eagle Ford curtailment mentioned on the Company’s last earnings call concluded after April and production has since returned as expected in that area. Finally, Oklahoma production fell in the second quarter, as the backlog of wells offline increased as prices remained depressed. Amplify expects to bring many of these wells back online in future periods as prices continue to slowly rebound and workover economics improve.Amplify’s capital spending for the second quarter of 2020 was approximately $7 million which was in line with internal expectation and puts the Company on track for an estimated second half 2020 budget of $6 million. Of the $7 million spent in the second quarter, a significant portion ($2 million or 29%) was attributed to the Company’s Eagle Ford assets and was utilized for non-operated drilling and completion activity. The remainder was primarily related to the Bairoil turnaround, along with capital workover and facility maintenance projects across other operated areas.Hedging UpdateSince Amplify’s previous hedge update on May 6, 2020, the Company has made additions to its natural gas hedge position in second half of 2020 and 2022, as well as NGL swaps in the second half of 2020. As of July 31, 2020, Amplify’s mark-to-market value of its commodity and interest rate hedge book remained a net asset position of $25 million.The following table reflects the hedged volumes under Amplify’s commodity derivative contracts and the average fixed or floor prices at which production is hedged for July 2020 through December 2022, as of August 5, 2020.Amplify Energy Corp. Summary Commodity Hedge Position August 5, 2020 2020 2021 2022 Natural Gas Swaps: Average Monthly Volume (MMBtu) 1,450,000 925,000 500,000 Weighted Average Fixed Price ($) $2.26 $2.49 $2.45 Natural Gas Collars: Two-way collars Average Monthly Volume (MMBtu) 420,000 925,000 200,000 Weighted Average Floor Price ($) $2.60 $2.10 $2.10 Weighted Average Ceiling Price ($) $2.88 $3.28 $2.99 Natural Gas Basis Swaps: Average Monthly Volume (MMBtu) 600,000 500,000 - Weighted Average Spread ($) $(0.46) $(0.40) $- Oil Swaps: Average Monthly Volume (Bbls) 199,300 33,750 30,000 Weighted Average Fixed Price ($) $57.41 $56.57 $55.32 Oil Collars: Two-way collars Average Monthly Volume (Bbls) 14,300 - - Weighted Average Floor Price ($) $55.00 $- $- Weighted Average Ceiling Price ($) $62.10 $- $- Three-way collars Average Monthly Volume (Bbls) 30,500 - - Weighted Average Ceiling Price ($) $65.75 $- $- Weighted Average Floor Price ($) $50.00 $- $- Weighted Average Sub-Floor Price ($) $40.00 $- $- NGL Swaps: Average Monthly Volume (Bbls) 111,450 22,800 - Weighted Average Fixed Price ($) $21.99 $24.25 $- Amplify posted an updated hedge presentation containing additional information on its website, www.amplifyenergy.com, under the Investor Relations section.Quarterly Report on Form 10-Q Amplify’s financial statements and related footnotes will be available in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, which Amplify expects to file with the Securities and Exchange Commission on August 5, 2020.Conference CallAmplify will host an investor teleconference today at 10:00 a.m. Central Time to discuss these operating and financial results. Interested parties may join the webcast by visiting Amplify's website, www.amplifyenergy.com, and clicking on the webcast link or by dialing (833) 883-4379 at least 15 minutes before the call begins and providing the Conference ID: 4185547. The webcast and a telephonic replay will be available for fourteen days following the call and may be accessed by visiting Amplify’s website, www.amplifyenergy.com, or by dialing (855) 859-2056 and providing the Conference ID: 4185547.
- 08/05/2020
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Analyst Provides Guidance for This Canadian Energy Company - Markets
- Northland Securities analyst Jeff Grampp maintained a Hold rating on Amplify Energy (AMPY – Research Report) on July 19. The
- 07/27/2020
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Implied Volatility Surging for Amplify Energy (AMPY) Stock Options
- Investors need to pay close attention to Amplify Energy (AMPY) stock based on the movements in the options market lately.
- 07/24/2020
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Amplify Energy Announces Second Quarter 2020 Earnings Conference Call
- HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2020 financial and operating results on August 5, 2020. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company’s results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 4185547) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify’s website or by phone at (855) 859-2056 (Conference ID: 4185547) for a fourteen-day period following the call. About Amplify EnergyAmplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies, offshore California, East Texas / North Louisiana and South Texas. For more information, visit www.amplifyenergy.com.Investor Relations ContactsMartyn Willsher – Interim CEO & CFO (832) 219-9047 martyn.willsher@amplifyenergy.comEric Chang – Treasurer (832) 219-9024 eric.chang@amplifyenergy.com
- 07/23/2020
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Are Investors Undervaluing Amplify Energy (AMPY) Right Now?
- 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.
- 07/22/2020
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Two Sigma Advisers LP Lowers Stock Position in Amplify Energy Corp (NASDAQ:AMPY)
- Two Sigma Advisers LP lessened its position in shares of Amplify Energy Corp (NASDAQ:AMPY) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,761 shares of the company’s stock after selling 16,519 shares during the period. Two Sigma […]
- 07/15/2020
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Nuveen Asset Management LLC Raises Holdings in Amplify Energy Corp (NASDAQ:AMPY)
- Nuveen Asset Management LLC boosted its holdings in shares of Amplify Energy Corp (NASDAQ:AMPY) by 86.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 82,552 shares of the company’s stock after acquiring an additional 38,293 shares during the quarter. Nuveen Asset Management LLC’s holdings in Amplify Energy were worth $47,000 as of its […]
- 07/12/2020
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Amplify Energy Corp (NASDAQ:AMPY) Position Boosted by Nuveen Asset Management LLC
- Nuveen Asset Management LLC grew its holdings in shares of Amplify Energy Corp (NASDAQ:AMPY) by 86.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,552 shares of the company’s stock after purchasing an additional 38,293 shares during the period. Nuveen […]
- 07/12/2020
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Amplify Energy Corp (NASDAQ:AMPY) Major Shareholder Sells $32,250.00 in Stock
- Amplify Energy Corp (NASDAQ:AMPY) major shareholder Brigade Capital Management, Lp sold 25,000 shares of Amplify Energy stock in a transaction on Friday, June 26th. The shares were sold at an average price of $1.29, for a total transaction of $32,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which […]
- 07/02/2020
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Brigade Capital Management, Lp Sells 25,000 Shares of Amplify Energy Corp (NASDAQ:AMPY) Stock
- Amplify Energy Corp (NASDAQ:AMPY) major shareholder Brigade Capital Management, Lp sold 25,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $1.29, for a total transaction of $32,250.00. The sale was disclosed in a legal filing with the SEC, which is available at […]
- 07/02/2020
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Should You Avoid Amplify Energy Corp. (AMPY)?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/24/2020
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Insider Sells Amplify Energy Shares
- Amplify Energy Inc (NYSE:AMPY) was trading 2.5% higher from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, June 23 showed that Brigade Capital Management, Lp sold 15,000 shares at $1.64 on Friday, Jun 19, and sold 15,000 shares at $1.56 on Monday, Jun 22.The transaction moved the executive's stake in Amplify Energy Inc. to 3,788,088 shares.Why Insider Transactions Are Important? Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Transaction Codes To Focus On Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga * Insider Buys Atlantic Power's Shares * Benzinga's Top Upgrades, Downgrades For June 23, 2020 * Morning Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/23/2020
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Amplify Energy Corp (NASDAQ:AMPY) Major Shareholder Sells $26,344.06 in Stock
- Amplify Energy Corp (NASDAQ:AMPY) major shareholder Brigade Capital Management, Lp sold 16,162 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $1.63, for a total value of $26,344.06. Large shareholders that own 10% or more of a company’s shares are required […]
- 06/21/2020
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Amplify Energy (NASDAQ:AMPY) Trading Down 3.3% on Insider Selling
- Shares of Amplify Energy Corp (NASDAQ:AMPY) dropped 3.3% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $1.59 and last traded at $1.75, approximately 780,000 shares traded hands during trading. An increase of 21% from the average daily volume of 643,608 shares. The stock had previously […]
- 06/19/2020
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Amplify Energy (NASDAQ:AMPY) Shares Down 3.3% on Insider Selling
- Shares of Amplify Energy Corp (NASDAQ:AMPY) traded down 3.3% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $1.59 and last traded at $1.75, 780,000 shares traded hands during mid-day trading. An increase of 21% from the average session volume of 643,608 shares. The stock had previously closed at […]
- 06/19/2020
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Zacks: Brokerages Expect Amplify Energy Corp (NASDAQ:AMPY) Will Post Earnings of $0.01 Per Share
- Wall Street analysts expect that Amplify Energy Corp (NASDAQ:AMPY) will post earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Amplify Energy’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at ($0.19). The business is […]
- 06/17/2020
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Key Energy Services Announces Appointment of New Chief Financial Officer | MarketScreener
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Amplify Energy Announces Results of Borrowing Base Redetermination and Provides Liquidity Update
- HOUSTON, June 15, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has completed the regularly scheduled redetermination of its.
- 06/15/2020
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Dividends By The Numbers In May 2020
- A total of 3,118 U.S. firms declared dividends in May 2020, an increase of 26 over the 3,092 recorded in April 2020. That figure is also 811 lower than what was
- 06/04/2020
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Amplify Energy Regains Compliance with NYSE Minimum Price Listing Standard
- HOUSTON, June 03, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on June 2, 2020, Amplify was notified by the New York Stock.
- 06/03/2020
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Dividend Cuts Continue Torrid Pace In First Half Of May 2020
- Dividend cuts and suspensions announced by publicly-traded firms in the United States are continuing their torrid pace through the midpoint of May 2020. Overall
- 05/20/2020
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Few U.S. oil and gas firms return small-business COVID-19 loans
- Few U.S. oil and gas firms return small-business COVID-19 loans
- 05/19/2020
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Notice of Change of Location of Annual Meeting of Stockholders to be Held on May 20, 2020
- In lieu of in-person attendance, stockholders are encouraged to vote in accordance with the instructions set forth in the proxy statement and submit proxies in advance of the Annual Meeting. Any person in attendance who exhibits cold, fever or flu-like symptoms or who has been exposed to COVID-19 may be asked to leave the premises for the protection of the other attendees.
- 05/08/2020
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Amplify Energy Announces First Quarter 2020 Results and Over $80 Million of Liquidity Enhancement Initiatives
- HOUSTON, May 06, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the first quarter of 2020. Key.
- 05/06/2020
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OSTK, AR among premarket gainers
- LMP Automotive Holdings (NASDAQ:LMPX) +35%.AgEagle Aerial Systems (NYSEMKT:UAVS) +27%.Soligenix (NASDAQ:SNGX) +25% on positive SGX301 data.Secoo Holding (NASDAQ:SECO) +26% on share repurchase program.
- 04/30/2020
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Amplify Energy Announces First Quarter 2020 Earnings Conference Call
- HOUSTON, April 28, 2020 -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2020 financial and operating results.
- 04/28/2020
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Amplify Energy: Not Looking Good At Today's Pricing
- The environment, from a pricing perspective, for oil and gas firms is downright awful. Some companies are doing alright at the moment, but Amplify Energy is not
- 04/28/2020
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Another Houston E&P co. at risk of exchange delisting
- The New York Stock Exchange has sent Houston-based Amplify Energy Corp. (NYSE: AMPY) a warning that its stock price has dropped below the exchange's listing standards. Like other oil and gas exploration and production companies, Amplify has been affected as crushing pressure from increased OPEC supply and decreased demand due to Covid-19 social distancing measures press oil prices down — even reaching into negative values for a brief period this week.
- 04/22/2020
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Amplify Energy Receives Continued Listing Standard Notice from NYSE
- HOUSTON, April 21, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on April 20, 2020, the Company received formal notice from the.
- 04/21/2020
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23,099 Shares in Amplify Energy Corp (NASDAQ:AMPY) Bought by Cubist Systematic Strategies LLC
- Cubist Systematic Strategies LLC purchased a new position in shares of Amplify Energy Corp (NASDAQ:AMPY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,099 shares of the company’s stock, valued at approximately $153,000. Cubist Systematic Strategies LLC owned approximately […]
- 04/18/2020
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Bank of New York Mellon Corp Raises Stock Holdings in Amplify Energy Corp (NASDAQ:AMPY)
- Bank of New York Mellon Corp lifted its holdings in shares of Amplify Energy Corp (NASDAQ:AMPY) by 293.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 702,800 shares of the company’s stock after acquiring an additional 524,149 shares during the quarter. Bank of New […]
- 04/17/2020
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FACTBOX-North American oil producers slash budgets by about 32%, or $40 bln amid crude price rout
- North American oil and gas producers have cut their 2020 budgets by more than 32%, or nearly $40 billion, data compiled by
Reuters showed, following a slump in crude prices.
Since Saudi Arabia and Russia launched an oil price war on March 9, U.S. crude has more than halved to less than $20 per barrel while Brent
crude has fallen more than 39% to around $27 a barrel. The world is also witnessing one of its biggest demand shocks, as global travel curbs to
prevent the spread of coronavirus have reduced oil consumption by millions of barrels per day.
Exxon Mobil last week cut its spending by 30%, joining a long list of companies including Chevron Corp, Conocophillips,
Occidental Petroleum Corp, as well as Canadian Natural Resources Ltd and Suncor Energy Inc.
A list of companies that have cut their 2020 budgets since March 9:
% change Date of
revision
Exxon Mobil Corp $23,000.00 $33,000.00 -$10,000.00 -30.30% April. 7 nBw94GzpVa
Chevron Corp $16,000.00 $20,000.00 -$4,000.00 -20.00% Mar. 24 nL1N2BH0MD
Occidental Petroleum Corp $2,800.00 $5,300.00 -$2,500.00 -47.17% Mar. 25 nPn9F23Pya
ConocoPhillips* $4,300.00 $6,600.00 -$2,300.00 -34.85% April 16 nBw66rsC7a
EOG Resources Inc $4,500.00 $6,500.00 -$2,000.00 -30.77% Mar. 16 nPn6bCnd5a
Pioneer Natural Resources Co $1,800.00 $3,300.00 -$1,500.00 -45.45% Mar. 16 nBw1dKbZZa
Continental Resources Inc $1,200.00 $2,650.00 -$1,450.00 -54.72% Mar. 19 nL4N2BC3NH
Diamondback Energy Inc $1,700.00 $2,900.00 -$1,200.00 -41.38% Mar. 19 nGNXyWXc8
Marathon Oil Corp $1,300.00 $2,400.00 -$1,100.00 -45.83% April 1 nL4N2BW2YY
Suncor Energy Inc^^ $2,920.00 $3,960.00 -$1,040.00 -26.26% Mar. 23 nGNX14k4Lj
Noble Energy Inc $850.00 $1,700.00 -$850.00 -50.00% April 15 nBw8gyMvRa
Hess Corp $2,200.00 $3,000.00 -$800.00 -26.67% Mar. 17 nL4N2BA3QS
Devon Energy Corp $1,000.00 $1,800.00 -$800.00 -44.44% Mar. 30 nGNXc9XSSP
Canadian Natural Resources Ltd^^ $2,050.00 $2,800.00 -$750.00 -26.79% Mar. 18 nL4N2BB5BU
Cimarex Energy Co $552.50 $1,300.00 -$747.50 -57.50% Mar. 17 nPnn4Q0Ca
Concho Resources Inc $2,000.00 $2,700.00 -$700.00 -25.93% Mar. 17 nL4N2BA3CT
Parsley Energy Inc* ** $1,000.00 $1,700.00 -$700.00 -41.18% Mar. 18 nPn1XqmSZa
Murphy Oil Corp $780.00 $1,450.00 -$670.00 -46.21% April. 1 nBw4C72cFa
Husky Energy Inc^^ $1,740.00 $2,390.00 -$650.00 -27.20% Mar. 12 nL4N2B55OP
Apache Corp $1,100.00 $1,750.00 -$650.00 -37.14% Mar. 12 nL4N2B53RC
Cenovus Energy Inc^^ $567.05 $1,020.00 -$452.95 -44.41% April. 2 nGNX8pN9gk
WPX Energy Inc $1,337.50 $1,737.50 -$400.00 -23.02% Mar. 18 nPn1XqmSZa
Imperial Oil Ltd^^ $807.53 $1,160.00 -$352.47 -30.39% Mar. 31 nBw8xlKxNa
Centennial Resource Development Inc* $320.00 $640.00 -$320.00 -50.00% Mar. 19 nGNXQPbXR
Crescent Point Inc^^ $539.61 $827.40 -$287.79 -34.78% Mar. 16 nL4N2B94CQ
Callon Petrlouem Co $712.50 $975.00 -$262.50 -26.92% Mar. 17 nL4N2BA3QS
PDC Energy Inc $814.00 $1,050.00 -$236.00 -22.48% Mar. 11 nGNX3pD7t8
Frontera Energy Corp* $140.00 $350.00 -$210.00 -60.00% Mar. 23 nPn8xz2z4a
Whiting Petroleum Corp $417.50 $602.50 -$185.00 -30.71% Mar. 16 nBw5n2PcLa
Baytex Energy Corp^^ $190.15 $371.61 -$181.46 -48.83% Mar. 19 nGNX9CYGt7
Laredo Petroleum Inc $290.00 $450.00 -$160.00 -35.56% Mar. 23 nGNXbJqBfk
Arc Resources Ltd^^ $217.00 $361.00 -$144.00 -39.89% Mar. 13 nCNW686g1a
Seven Generation Energy Ltd $635.00 $776.00 -$141.00 -18.17% Mar. 10 nBw8plrg9a
Talos Energy Inc* $392.50 $533.00 -$140.50 -26.36% Mar. 11 nPrehLbJta
Gran Tierra Energy Inc $70.00 $210.00 -$140.00 -66.67% Mar. 12 nGNX59bXW6
Kosmos Energy Ltd $212.50 $350.00 -$137.50 -39.3% April 8 nBw31s7tHa
Bonanza Creek Energy Inc $90.00 $225.00 -$135.00 -60.00% Mar. 12 nGNX4qJdvs
Paramount Resources Ltd^^ $150.39 $276.59 -$126.20 -45.63% Mar. 19 nCNWn8Dbwa
Parex Resources Inc $105.00 $225.00 -$120.00 -53.33% April. 2 nGNX1JPxqH
GeoPark Ltd $75.00 $190.00 -$115.00 -60.53% Mar. 19 nBw3KWn9ja
Whitecap Resources Inc^^ $141.73 $248.89 -$107.16 -43.06% Mar. 17 nCNW08xW3a
Range Resources Corp $430.00 $520.00 -$90.00 -17.31% Mar. 31 nGNX70m75k
Jadestone Energy Inc* $87.50 $175.00 -$87.50 -50.00% Mar. 20 nRSS7616Ga
Denbury Resources Inc $100.00 $180.00 -$80.00 -44.44% Mar. 31 nGNX7FPFR7
EQT Corp $1,125.00 $1,200.00 -$75.00 -6.25% Mar.16 nL4N2B94CQ
Pipestone Energy Ltd^^ $43.00 $108.00 -$65.00 -60.19% Mar. 12 nGNX2pXtrB
Kelt Exploration Ltd^^ $99.00 $154.00 -$55.00 -35.71% Mar. 18 nNFCzhpXk
W&T Offshore Inc $20.00 $75.00 -$55.00 -73.33% Mar. 17 nGNX30SgBM
Birchcliff Energy Ltd^^ $207.00 $254.00 -$47.00 -18.50% Mar. 11 nGNX1h7dc3
Montage Resources Corp $155.00 $200.00 -$45.00 -22.50% Mar. 25 nBw8ZD9Hda
Meg Energy Corp^^ $145.00 $182.00 -$37.00 -20.33% Mar. 10 nCNWRBFGYa
Peyto Exploration & Development Corp^^ $158.91 $194.22 -$35.31 -18.18% April 15 nGNXc5DKqX
PetroShale Inc^^ $18.28 $49.22 -$30.94 -62.86% Mar. 26 nCNWZ64pfa
TransGlobe Energy Corp* $7.10 $37.10 -$30.00 -80.86% Mar. 12 nGNX2SJ1mC
Athabasca Oil Corp ^^ $60.25 $87.00 -$26.75 -30.75% Mar. 20 nGNX3VfJHm
Gear Energy Ltd^^ $9.00 $34.58 -$25.58 -73.97% Mar. 11 nCNW79pnla
Cardinal Energy Ltd^^ $21.44 $45.63 -$24.19 -53.01% Mar. 18 nGNX3KmQBQ
Amplify Energy Corp $29.00 $46.00 -$17.00 -36.96% Mar.
- 04/16/2020
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BUZZ-U.S. STOCKS ON THE MOVE-Tesla, J&J, Apple, Roku
- * Eikon search string for individual stock moves:
- 04/14/2020
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AQR Capital Management LLC Sells 23,468 Shares of Amplify Energy Corp (NASDAQ:AMPY)
- AQR Capital Management LLC lessened its stake in Amplify Energy Corp (NASDAQ:AMPY) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,492 shares of the company’s stock after selling 23,468 shares during the period. AQR Capital Management LLC owned about 0.08% […]
- 04/13/2020
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Connor Clark & Lunn Investment Management Ltd. Cuts Stake in Amplify Energy Corp (NASDAQ:AMPY)
- Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Amplify Energy Corp (NASDAQ:AMPY) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,368 shares of the company’s stock after selling 118,175 shares during the quarter. […]
- 04/04/2020
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Amplify Energy Announces Retirement of Ken Mariani, Appointment of Martyn Willsher as Interim CEO, Appointment of Chris Hamm as Lead Director
- HOUSTON, April 03, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that Ken Mariani, Amplify’s President & CEO, has notified the.
- 04/03/2020
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Dividends By The Numbers In March 2020 And Q1 2020
- A total of 3,869 U.S. firms declared dividends in March 2020, an increase of 187 over the 3,682 recorded in February 2020. 24 U.S. firms announced they would pa
- 04/02/2020
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FACTBOX-North American oil producers slash budgets by about 30% amid crude price rout
- Park, Athabasca, Secure Energy; Updates Occidental)
March 25 (Reuters) - Nor...
- 03/25/2020
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FACTBOX-North American oil producers slash budgets by 30% amid crude price rout
- North America oil and gas producers have cut their 2020 budgets by more than 30%...
- 03/19/2020
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Amplify Energy Announces 37% Reduction of 2020 Capital Expenditure Budget, MTM Hedge Asset Value of $130 million and Expected Federal Royalty Relief at its Beta Field
- Full year capital expenditure guidance has been reduced from a midpoint estimate of $46 million to a midpoint estimate of $29 million. This revised capital budget is expected to be spent primarily in the first quarter of 2020, where Amplify is maintaining its prior guidance for capital spending of $13 to $19 million. Amplify also maintains a strong hedge book with 61% of forecasted 2020 production hedged, including 77% of crude oil hedged at $56.29 per barrel.
- 03/19/2020
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Oxy Victory Would Help Icahn’s Poor Oil-Patch Rep
- Icahn is no stranger to the oil patch, but he hasn’t always come away victorious. One of his better deals has been with refiner CVR Energy.
- 03/14/2020
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Amplify Energy Corp. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
- Shareholders in Amplify Energy Corp. (NYSE:AMPY) had a terrible week, as shares crashed 49% to US$2.13 in the week...
- 03/08/2020
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Amplify Energy Announces Fourth Quarter 2019 Results, Dividend Program Update, Year-End 2019 Proved Reserves and First Quarter and Full Year 2020 Guidance
- HOUSTON, March 05, 2020 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the fourth quarter 2019,.
- 03/05/2020
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Amplify Energy Announces Fourth Quarter 2019 Earnings Conference Call
- HOUSTON, Feb. 24, 2020 -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2019 financial and operating results.
- 02/24/2020
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3 Under-The-Radar Dividend Stocks With Over 7% Dividend Yield
- Investors are always on the prowl for high returns. They can look for this in the traditional places, of course, the Apples and the Amazons and the Googles, where shares appreciate at fast rates, or they can look at the Microsofts and Mastercards and JPMorgans, where steady share gains are paired with steady dividends. These are viable strategies. But sometimes, investors like to follow the roads less traveled.The average dividend yield among stocks listed in the S&P; 500 index is only 2%. This is – just slightly – higher than Treasury bond yields. But it’s also just an average. There are plenty of stocks with higher yields. Companies may reach those yields – of 7, or 9, or even 15% – for various reasons, but what they all have in common is a strong draw for investors.We’ve used TipRanks’ Stock Screener tool to pull up some of these lesser-known, but profitable, dividend stocks. Setting the filters to show small-cap stocks with yields exceeding 5%, we narrowed the list from the full database of 6,500 stocks to just 86, a far more manageable number. Here are three that income-minded investors should take note of.MVC Capital, Inc. (MVC)We’ll start with business development company. MVC Capital holds a diverse portfolio of investments, which it uses to realize long-term growth for its own investors and shareholders. In recent years, the company has transitioned from a capital loss carry strategy to a yielding investment strategy, with an emphasis on dividend returns.And it’s not just dividend returns from the company’s portfolio – MVC is a top performer in its niche at paying out dividends to investors. The company has a nine-year history of consistent, regular payments, without missing a quarter, and in recent years has been increasing the payout. The current dividend, at 17 cents quarterly, represents an annual payment of 68 cents per share and impressive yield of 7.12%. That’s 3.5x the S&P; average.MVC maintains its dividend with strong earnings. The company reported $8 million in total income for Q4 2019, up 35% year-over-year. Net operating income, at $3.1 million, was also up significantly – and more important, MVC has a dividend payout ratio of 100%, so all of that income was paid back to company investors.Michael Diana, 4-star analyst with Maxim Group, looks ahead at MVC’s potential and writes, “Over the next four quarters, we expect: 1) a dividend yield of 7.4%, and 2) stock price appreciation of 40.5%, which should result in an estimated 12-month total return of about 48%. Beyond that timeframe, we expect MVC to grow its yield investments and raise its dividend further.”In line with his bullish view, Diana gives MVC a Buy rating supported by a price target of $13. His target implies a solid upside potential of 36%. (To watch Diana’s track record, click here)In agreement with Diana is Ladenburg analyst Christopher Nolan. Nolan wrote of the MVC’s portfolio, “Asset quality was steady with the same 2 credits on non-accrual and totaled 1.6% of the investment portfolio at cost.”Nolan put an $11 target on MVC shares to back his Buy rating. This indicates an upside potential of 15% in the coming year. (To watch Nolan’s track record, click here)All in all, shares in MVC are priced at just $9.55, a bargain for a stock with a 25% average upside potential. That potential is derived from the average price target of $12. With 2 Buy ratings and 1 Hold given in recent weeks, the analyst consensus on MVC is a Moderate Buy. (See MVC stock analysis on TipRanks)Amplify Energy Corporation (AMPY)Our next stock is in the energy sector. Amplify is an oil and natural gas exploration and drilling company. The bulk of the company’s operations are located in Texas and Louisiana, with additional production sites in Wyoming and the California offshore. Amplify is an ‘upstream’ company in the industry, meaning that its operations focus on directly extracting oil and gas resources from acquired properties.Amplify has more than 1,400 active wells on its lands, and backs them up with another 1,00 well in various stages of development. In proven reserves, Amplify boasts over 900 billion cubic feet equivalent. Last year, the company reduced its competition by absorbing Midstate Petroleum in a merger-of-equals deal. The merged entity uses the Amplify name.Most ‘dividend champs’ get that status through long-term, consistent payment. Amplify, however, only began paying out its dividend in Q3 of 2019, after its merger with Midstate. It commands attention, even though it is new, because of the yield. At over 15%, AMPY’s dividend yield is one of the best in the market. It’s a whopping ten times better than Treasury note yields, and 7.5x higher than the average dividend yield on the S&P; 500 index.Due to AMPY’s low share price, the dividend is modest – only 20 cents per quarter. That makes the annual payout 80 cents. So far, the company has made the payment twice, in September and December of 2019. The payout ratio, at 133%, may indicate long-term sustainability issues, but those are mitigated by the oil and gas industry’s ability to produce high cash flows.Analyst Jeff Grampp, reviewing AMPY for Northland Securities, sees a bullish case here. He says of the stock, “We sense there is some investor skepticism about the sustainability of the dividend and believe that as the company proves it is sustainable, yield compression can occur. We estimate AMPY can fund its 2020 dividend through FCF down to an average ~$52/BBL WTI price…” Investors should note that WTI trended up from October through December, but slipped in January and now appears to have leveled out at $50. Oil volatility has been high in the past 12 months.Grampp puts his money where his mouth his, giving AMPY a $10 price target to support a Buy rating. This target suggests a hefty upside potential of 91%. (To watch Grampp’s track record, click here)Amplify’s two recent reviews are both Buy-side, making the consensus view of the stock a Moderate Buy. Shares are trading low, at just $5.21, and the average price target of $10.25 indicates room for 96% growth in the coming 12 months. (See Amplify stock analysis on TipRanks)Hunt Companies Finance Trust (HCFT)We’ll wrap up our look at dividend champions with Hunt Companies, a real estate investment trust (REIT). These companies make their profits through buying, owning, managing, and leasing combinations of commercial and investment properties, as well as financing customer mortgages and investing in mortgage backed securities. That latter niche is Hunt’s specialty – the company’s portfolio is focused on mortgage backed securities, loans, and related real estate investments.A common feature of tax regulations required REITs to pay back the lion’s share of their earnings to investors, and most of them choose dividends as their payment vehicle of choice. The company manages this with a 7.5 cent quarterly payment, which annualizes to 30 cents – and a yield at a whopping 9.2%. HCFT has a history of adjusting the dividend to meet both tax regulations and sustainability issues, and the current payout ratio is an impressive 75%. Due to a strong US economic climate, the company has been able to grow the dividend over the past two years.JMP Securities analyst Steven Delaney lays out a bullish case for HCFT, writing in his recent note on the stock, “We remain positive on shares of HCFT and believe the company is well positioned to take advantage of access to a larger CRE lending platform following the newly entered Management Agreement. While the company’s micro market cap and limited trading liquidity may restrict its investor audience, we believe the shares offer attractive potential upside…”To demonstrate that potential upside, Delaney gives the stock a $4 price target, indicating confidence that the potential is 22%. He rates the stock a Buy, of course. (To watch Delaney’s track record, click here)Delaney’s is the only recent review on HCFT – as he pointed out in his note, this is a micro-cap company of limited liquidity; it is a classic ‘under the radar’ investment. It is still worth looking at, however. With a dividend yield exceeding 9%, and a potential upside of 22%, the $3.26 current share price is a bargain that’s hard to beat. (See Hunt's price targets and analyst ratings on TipRanks)
- 02/11/2020
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EnerCom Dallas 2020 Energy Investment Conference Set to Welcome Hundreds of Energy Industry Executives to Texas
- Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space will attend the EnerCom Dallas energy investment conference, coming to The Tower Club beginning tomorrow February 11th through the 12th in downtown Dallas.
- 02/10/2020
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E&P Recap: Groundhog Day, Whack-A-Mole, Upcoming Earnings And Buzzwords
- E&P sector stock market performance resulted in one of the worst Januaries ever. While the coronavirus outbreak bears some blame, E&P fundamentals were weak hea
- 02/10/2020
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Day One Keynote Speaker, Chris Wright, Announced for EnerCom Dallas Energy Investment Conference, February 11-12, 2020
- Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas.
- 01/30/2020
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One-on-One Meeting Scheduling Opens and Presenting Company Line-up is Announced for EnerCom Dallas Energy Investment Conference, February 11-12, 2020
- Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas.
- 01/15/2020
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E&P Impairments: Hits And Myths
- Several recent media reports have highlighted upcoming impairments to be taken by E&P companies as they report their 2019 results. Many of those articles incorr
- 01/14/2020
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Presenting Company Line-Up Announced for EnerCom Dallas Energy Investment Conference, February 11-12, 2020
- Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas.
- 01/08/2020
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Registration is Open for EnerCom Dallas Energy Investment Conference, February 11-12, 2020
- Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas.
- 12/30/2019
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Hedge Funds Are Buying Amplify Energy Corp. (AMPY)
- We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
- 12/13/2019
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3 Buy-Rated Dividend Stocks with over 10% Dividend Yield
- As the year winds down, it’s a good time to asses our portfolio for 2020. The US economy is still in a boom time, but there are some clouds on the international horizon. The Chinese and European economies are showing signs of slowing down, and there is some concern that a general global slowdown could metastasize to the US.Dividend stocks offer a sound income-based option for investors who don’t want to exit the market but also want a shield to protect their income stream. Using the TipRanks Stock Screener tool, we’ve looked for stocks showing a ‘Very High’ dividend yield status – specifically, over 5%, a high enough yield to attract the interest of income-minded investors. To refine our search of the database, we also filtered our search to show only Buy-rated stocks with upside potential of 10% or higher.From a database of more than 6,400 publicly traded stocks, the Screener found 185 that fit our search criteria – a much more manageable number, with plenty of interesting stocks to choose from. We’ve selected three, from a variety of business sectors, that offer solid combinations of high yield and room for growth. Let’s give them a closer look.Capital Product Partners (CPLP)Sometimes, the most genius ideas slip right by us, almost without notice. The guy who invented the now ubiquitous metal shipping container gave us one of those ideas. The container, with a few standardized sizes, makes loading and offloading easier and faster, and allows for larger cargo ships loaded to higher capacities. In short, the container revolutionized the shipping industry.Capital Product Partners is one of the companies that has benefitted from the shipping container. The company engages in the seaborne transport of cargo – both containerized goods and dry bulk cargos. These are carried in a fleet of eleven ships – ten container carriers, and one dry bulk carrier. Capital has operating agreements on a majority of these vessels until 2022 and 2023. The company streamlined operations earlier this year by divesting its tanker fleet in an agreement with DSS Holdings. CPLP retains part ownership of the tankers, but no longer bears the cost of their operation.In Q3, CPLP reported net income of $3.4 million. This translated to an EPS of 18 cents, a modest sum but a huge improvement from the year-ago number, which was a loss of $1.33 per share. Total revenue for the quarter came to $26.4, 17% down from Q3 2018. The company attributed the decline in revenue to the removal of two vessels from the carrier fleet.The drop in revenue did not scare off investors. CPLP has shown a small gain since the quarterly report, as investors are attracted by the company’s profitable assets and strong dividend. The only dark spot is the EPS, which is not high enough to sustain the 32-cent per quarter dividend payment long-term. The company has been maintaining that payment over the past year, however, showing a commitment to sharing income with investors. The annualized yield is impressive, at 10.7%.Liam Burke, writing on CPLP for B. Riley FBR, sees a clear path forward for the shipping company. He writes, of the industry’s future prospects, “The underlying environment for container and dry bulker vessels remains stable with the reduction in excess capacity in both fleets, which should also translate to healthy long-term charter rates. The underlying demand for commodities continues to grow steadily, while existing bulker capacity remains relatively tight.”In line with this, Burke puts a Buy rating on CPLP shares with a price target of $14, implying a robust 19% upside potential. (To watch Burke’s track record, click here.)CPLP shares have a Strong Buy from the analyst consensus, with 3 reviewers assigning Buy ratings in the last month. Shares are priced at a discount, trading for $11.71, and the $14.67 average price target suggests a clear upside of 25%. (See CPLP stock analysis on TipRanks) Amplify Energy (AMPY)Second up is an oil and natural gas drilling company. The energy sector in the US has been booming since 2008, when fracking methods began spreading through the industry, making accessible previously unrecoverable oil reserves. Amplify describes itself as an “upstream” company, meaning it deals mainly in directly acquiring properties and extracting the oil and gas resources from them. The company operates mainly in Texas and Louisiana, with additional operations in Wyoming and off the California coast.On its various properties, Amplify operates over 1,400 active wells, with another 1,000 wells in development or inactive status. The company has more than 900 Bcfe (billion cubic feet equivalent – an industry term equating energy resources to the standard measure for extractable natural gas) in proven reserves. In August of this year, Amplify’s shareholders approved a merger-of-equals agreement with Midstate Petroleum. The combined company uses the Amplify name, and is headquartered in Houston, Texas.Amplify started paying out a quarterly dividend in Q3 of this year. The amount is modest, at 20 cents, but it is a good start. The company’s share price is low enough that this initial dividend payment gives a yield of 14.2%. Compare this to the S&P; average yield of just 2%, and the attraction is obvious.Two Wall Street analysts have been impressed enough with Amplify to initiate coverage of AMPY with Buy ratings. Jeff Grampp, of Northland Securities, wrote, “We think AMPY is a differentiated E&P; as it is currently generating significant FCF, which funds a meaningful quarterly dividend of $0.20/ Share. Its diversified, low-decline asset base is supportive of this business model and we believe the company can find accretive acquisitions, as it demonstrated by merging with peer, Midstates Petroleum in August 2019.” Grampp’s $10 price target implies an eye-opening 70% upside to AMPY shares. (To watch Grampp’s track record, click here)Also bullish is Roth Capital analyst John White. White also sees AMPY’s free cash flow, based on quality properties, as the main driver for investor interest: “AMPY, in our opinion, presents a compelling investment case due to several major factors, among which are: 1) a unique financial strategy in the U.S. E&P; sector devoted to a strong return of capital program involving dividends and stock buybacks, and 2) a set of oil and gas properties that are well suited to support this program.” White backs up his Buy rating with a $10.50 price target, indicating his confidence in an 86% upside. (To watch White’s track record, click here)AMPY stock started garnering analyst interest after the Midland acquisition and initiation of the dividend – two moves that showed the company is following a solid plan. Both reviews, cited above, agree that AMPY is a buying proposition. The stock’s average price target, $10.25, suggests a powerful upside potential of 82%. (See Amplify Energy stock-price forecast on TipRanks)Broadmark Realty Capital (BRMK)Dividend investors will always be drawn to real estate investment trusts (REITs), as these companies are structured by law to return capital to shareholders. It is not uncommon to find REITs with dividend payout ratios (the comparison of the dividend to the EPS) approaching 85% or even higher. This would be unsustainable in most companies, but the tax code requires it in this segment, and the nature of REITs implies a steady cash flow to support the dividend.REITs buy up and manage properties for commercial and residential purposes. Broadmark, a typical company in the mortgage sector of the business, specializes in the renovation of and subsequent development of acquired properties, and holds a diversified portfolio based on secured loans for real estate investors and developers. The company was formed in November as a result of the merger between Trinity Merger Corporation and Broadmark real estate lending. The new company started trading publicly on November 15.As mentioned above, the tax code requires REITs to pay back a large proportion of income to investors as dividends. In compliance with this, Broadmark last week declared its first dividend, which will pay out on January 15, 2020 to all shareholders of record as of December 31, 2019. The dividend, at 12 cents per share, will be the company’s first under the BRMK ticker.Initiating coverage of BRMK shares in November, when the stock began trading, B. Riley analyst Timothy Hayes took a bullish position. He reiterated his Buy rating last week, in his second note of the stock, writing, “[W]e believe the dividend is currently set at a level that does not reflect the true earnings power of the platform pro forma for deployment of capital acquired through the Trinity merger and for private AUM growth. As such, we expect the dividend should steadily increase over the course of FY20 as earnings power increases, resulting in a much more attractive dividend yield than the current annualized dividend implies.”Backing up his Buy rating, Hayes gives BRMK a $13 price target, implying room for 9.5% share appreciation in the next 12 months. (To watch Hayes’s track record, click here)Being a new ticker in the stock market, BRMK has not had time to attract a lot of Wall Street love – but in its first four weeks of trading it has received two Buy ratings. At $12.50, the average price target indicates an upside potential of 5.3% from the $11.87 current trading price. (See Broadmark stock analysis on TipRanks)
- 12/12/2019
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Amplify Energy Announces Third Quarter 2019 Results, Fourth Quarter 2019 Dividend, Merger Integration Update and Fourth Quarter 2019 Guidance
- HOUSTON, Nov. 06, 2019 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its pro forma(1) and reportable(2) operating and financial results for.
- 11/06/2019
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Amplify Energy Announces Third Quarter 2019 Earnings Release Date
- HOUSTON, Oct. 23, 2019 -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2019 financial and operating results.
- 10/23/2019
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These Were The Companies Added And Removed From OTC Markets Indexes At The End Of Q3
- Most major cap-weighted indexes are rebalanced quarterly, semi-annually, or annually. This rebalancing consists of adding and removing securities based on market cap fluctuations throughout the quarter. ...
- 10/23/2019
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Amplify Energy (NYSE:AMPY) Takes On Some Risk With Its Use Of Debt
- Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
- 10/14/2019
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Amplify Energy to Participate in the 2019 Johnson Rice Energy Conference
- HOUSTON, Sept. 11, 2019 -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that the Company will be attending the 2019 Johnson Rice Energy.
- 09/11/2019
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