Why These Energy Stocks Are Losing This Week

5. Amplify Energy Corp. (NYSE:AMPY)

Share Price Decline Between Mar. 3 and Mar. 10: 15.2%

Amplify Energy Corp. (NYSE:AMPY) is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.

Amplify Energy Corp. (NYSE:AMPY) fell short of expectations in Q4 2024, as it reported an adjusted loss per share of $0.19, missing estimates by $0.43. The company’s revenue of $69.02 million was also down 12.62% YoY and below market consensus by over $7 million. Amplify’s average daily production during the quarter came in at 18.5 mboed, a decrease of 0.5 mboed from the prior quarter, primarily to lower gas volumes due to plant issues in East Texas.