▼ -26.67% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for Amplify Energy in the last 3 months. The average price target is $2.20, with a high forecast of $2.20 and a low forecast of $2.20. The average price target represents a -26.67% upside from the last price of $3.00.
The current consensus among 2 investment analysts is to buy stock in Amplify Energy. This rating has held steady since November 2019, when it changed from a Hold consensus rating.
Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford. As of December 31, 2020, it had total estimated proved reserves of approximately 113.8 million barrels of oil equivalent; and 2,448 gross producing wells. Amplify Energy Corp. was founded in 2011 and is based in Houston, Texas.