AMPY Stock Summary and Trading Ideas (Amplify Energy Corp. | NYSE:AMPY)

Amplify Energy Corp is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's oil and natural gas properties are located in large, mature oil and natural gas reservoirs. The company assets consists of producing oil and natural gas properties located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.

Amplify Energy Corp. trades on the NYSE stock market under the symbol AMPY.

As of April 17, 2024, AMPY stock price declined to $6.81 with 494,031 million shares trading.

AMPY has a beta of -0.07, meaning it tends to be less sensitive to market movements. AMPY has a correlation of 0.00 to the broad based SPY ETF.

AMPY has a market cap of $266.01 million. This is considered a Small Cap stock.

Last quarter Amplify Energy Corp. reported $79 million in Revenue and $1.07 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.89.

In the last 3 years, AMPY stock traded as high as $10.38 and as low as $2.35.

The top ETF exchange traded funds that AMPY belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.

AMPY has underperformed the market in the last year with a price return of -6.2% while the SPY ETF gained +22.5%. However, in the short term, AMPY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.2% vs +6.3% return in SPY. But in the last 2 weeks, AMPY shares have been beat by the market, returning -4.5% compared to an SPY return of -3.6%.

AMPY support price is $6.93 and resistance is $7.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMPY stock will trade within this expected range on the day.