Amplify Energy Corp (AMPY) Has Gained More than 33% Since Q2 2025, Wall Street Bullish

Amplify Energy Corp. (NYSE:AMPY) is one of the Cheap Energy Stocks to Buy Under $5. Amplify Energy Corp. (NYSE:AMPY) is up more than 33% since the release of its fiscal second quarter results on August 6, 2025.

The company posted a revenue of $68.36 million, down 14.01% year-over-year and below expectations by $154,000. However, the EPS of $0.15 topped the consensus by $0.05. Management noted that they are strategically focused on simplifying their portfolio, becoming more oil-weighted, reducing debt, lowering operating costs, and streamlining the organization. Moreover, the company is also pursuing divestiture of its assets in East Texas and Oklahoma through TenOaks Energy Advisors and has completed the sale of non-operated Eagle Ford assets for $23 million.

After the release, on August 23, Poe Fratt from Alliance Global Partners reiterated a Buy rating on Amplify Energy Corp. (NYSE:AMPY) with a price target of $6.

Amplify Energy Corp. (NYSE:AMPY) is an independent oil and natural gas company focused on acquiring, developing, and producing oil and natural gas properties in key US regions.

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Disclosure: None. This article is originally published at Insider Monkey.