Why These Energy Stocks Are Losing This Week

8. Amplify Energy Corp. (NYSE:AMPY)

Share Price Decline Between Mar. 10 and Mar. 17: 2.78%

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) continued its decline last week after already falling by over 15% the week before. The company showed a disappointing performance in Q4 2024 reporting an adjusted loss per share of $0.19, missing estimates by a hefty $0.43. Moreover, Amplify’s revenue of $69.02 million during the quarter was also down 12.62% YoY and below market expectations by over $7 million. The company also reported a decline in average daily production in Q4, primarily to lower gas volumes due to plant issues in East Texas.