Benchmark Sees Over 200% Upside for Amplify Energy Corp. (AMPY)

Amplify Energy Corp. (NYSE:AMPY) is among the fundamentally strong penny stocks to invest in. Benchmark has reaffirmed its Buy rating on Amplify Energy Corp. (NYSE:AMPY), with an unchanged price target of $11.00, citing the optimism surrounding the sale of Eagle Ford non-operated production. This potential surge of over 200% from the current levels means that this company is in the right direction to meet its strategic objectives.

The research firm highlights that moves like these alleviate investor worries concerning potential acquisitions, leverage problems, and dilution of the company’s Beta field prospects. This strategic initiative has the potential to improve the production and capital expenditure guidance for Amplify Energy Corp. (NYSE:AMPY) in August.

The results of the company’s next Beta well are expected within this quarter, which could advance the current data on the offshore California development that the analysts believe will shape the future for Amplify Energy Corp. (NYSE:AMPY).

Amplify Energy Corp. (NYSE:AMPY) is a Texas-based company that, along with its subsidiaries, acquires, exploits, and develops oil and natural gas properties. With a commitment to optimizing production and generating free, sustainable cash flow, the company has properties in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.

While we acknowledge the potential of AMPY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.