Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Amplify Energy Corp before investing.

In this article, we go over a few key elements for understanding Amplify Energy Corp’s stock price such as:

• Amplify Energy Corp’s current stock price and volume
• Why Amplify Energy Corp’s stock price changed recently
• Upgrades and downgrades for AMPY from analysts
• AMPY’s stock price momentum as measured by its relative strength

About Amplify Energy Corp (AMPY)

Before we jump into Amplify Energy Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Amplify Energy Corp. is an independent oil and natural gas company. The Company is engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company’s operations are focused on Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/ North Louisiana, and the Eagle Ford (Non-op). Its properties consist primarily of operated and non-operated working interests in producing and undeveloped leasehold acreage and working interests in identified producing wells. The Company’s estimated proved reserves were approximately 98.1 One million barrels of oil equivalent (MMBoe), consisted of approximately 42% oil, 38% natural gas, and 20% NGLs, and 98% were classified as proved developed reserves. The Company's subsidiaries include Amplify Energy Holdings LLC, Amplify Acquisitionco LLC, Amplify Energy Services LLC, Amplify Energy Operating LLC, Beta Operating Company, LLC and San Pedro Bay Pipeline Company.

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Amplify Energy Corp’s Stock Price as of Market Close

As of June 24, 2024, 4:00 PM, CST, Amplify Energy Corp’s stock price was $6.46.

Amplify Energy Corp is up 4.19% from its previous closing price of $6.20.

During the last market session, Amplify Energy Corp’s stock traded between $6.08 and $6.26. Currently, there are 39.41 million shares of Amplify Energy Corp stock available for purchase.

Amplify Energy Corp’s price-earnings (P/E) ratio is currently at 8.6, which is low compared to the Oil & Gas - Exploration and Production industry median of 11.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Amplify Energy Corp Stock Price History

Amplify Energy Corp’s (AMPY) price is currently up 2.54% so far this month.

During the month of June, Amplify Energy Corp’s stock price has reached a high of $6.54 and a low of $5.71.

Over the last year, Amplify Energy Corp has hit prices as high as $8.21 and as low as $3.56. Year to date, Amplify Energy Corp’s stock is down 26.51%.

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What Caused Amplify Energy Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 21, 2024, there were 0 analysts who downgraded Amplify Energy Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Amplify Energy Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Amplify Energy Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Amplify Energy Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Amplify Energy Corp (AMPY) by visiting AAII Stock Evaluator.

Relative Price Strength of Amplify Energy Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 21, 2024, Amplify Energy Corp has a weighted four-quarter relative price strength of -6.18%, which translates to a Momentum Score of 48 and is considered to be Average.

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Amplify Energy Corp Stock Price: Bottom Line

As of June 24, 2024, Amplify Energy Corp’s stock price is $6.46, which is up 4.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Amplify Energy Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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