AMPY, ALNT and ALG have been added to the Zacks Rank #5 (Strong Sell) List on May 9, 2024.
Amplify Energy (AMPY) delivered earnings and revenue surprises of -204.35% and 0.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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. Key Highlights During the first quarter of 2024, the Company: Achieved average total production of 20.2 MBoepd, while successfully implementing a limited turnaround at Bairoil and completing Phase 2 of the Beta infrastructure electrification and emissions reduction projectGenerated net cash provid