After reaching an important support level, Amplify Energy Corp. (AMPY) could be a good stock pick from a technical perspective. AMPY recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the ...

Core Insights - The article emphasizes the importance of value investing, highlighting the strategy of identifying undervalued companies using fundamental analysis and metrics [1] - Zacks has developed a Style Scores system to categorize stocks, with a focus on those that have high grades in the Value category and strong Zacks Ranks [1] Company Analysis: Amplify Energy (AMPY) - Amplify Energy holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - The current P/E ratio for AMPY is 4.57, significantly lower than the industry average of 10.16 [2] - AMPY's Forward P/E has fluctuated between 0.68 and 7.08 over the past year, with a median of 4.45 [2] - The P/S ratio for AMPY is 0.9, compared to the industry's average P/S of 2.02, suggesting it is undervalued based on sales [2] Financial Metrics: Amplify Energy (AMPY) - AMPY has a P/CF ratio of 4.21, which is attractive compared to the industry's average P/CF of 7.67 [3] - Over the past 52 weeks, AMPY's P/CF has ranged from 0.50 to 4.67, with a median of 0.61 [3] Company Analysis: Ring Energy (REI) - Ring Energy also holds a Zacks Rank of 2 (Buy) and a Value Score of A, making it another attractive option for value investors [3] - The P/B ratio for Ring Energy is 0.45, significantly lower than the industry's price-to-book ratio of 2.43 [3] - Over the past year, Ring Energy's P/B ratio has varied between 0.31 and 0.64, with a median of 0.46 [3] Conclusion - Both Amplify Energy and Ring Energy are highlighted as impressive value stocks, likely being undervalued in the current market [4]

Shares of Amplify Energy (AMPY) have gained 9.6% over the past four weeks to close the last trading session at $6.76, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $9.83 indicates a potential upside of 45.4%.The average comprises three short-term price targets ranging from a low of $9 to a high of $11, with a standard deviation of $1.04. While the lowest estimate indicates an ...

Core Insights - Micro-cap stocks, defined as companies with market capitalizations between $50 million and $300 million, are often associated with higher risks due to their young and unproven nature, as well as lower trading volumes leading to liquidity issues [1][2] Group 1: Amplify Energy (AMPY) - Amplify Energy is an independent developer focused on acquiring and exploiting oil and natural gas properties in the U.S., particularly in low-cost regions like Oklahoma, East Texas, and North Louisiana [3] - The company has seen a year-to-date increase of over 12% in value, indicating promising financial performance [3] - Despite a loss of $9.4 million in Q1 2024, Amplify Energy surpassed earnings-per-share forecasts by 0.85%, suggesting potential for long-term growth [4] Group 2: Spero Therapeutics (SPRO) - Spero Therapeutics is focused on developing treatments for multidrug-resistant infections, addressing a significant public health challenge with over 2.8 million antimicrobial-resistant infections occurring annually in the U.S. [6] - The company's most promising candidate, SPR206, is currently in Phase 2 clinical trials and has shown effectiveness against bacterial pneumonia from hospital ventilator treatments [6][7] - Spero's micro-cap status may lead to significant stock price increases following FDA regulatory approval [7] Group 3: Oramed Pharmaceuticals (ORMP) - Oramed Pharmaceuticals aims to improve drug accessibility by developing oral capsules for insulin delivery, which could simplify diabetes treatment and reduce costs associated with injections [8] - This innovative approach could also enhance insulin access in developing countries, mitigating risks associated with unsanitary injection practices [9]

Core Viewpoint - Amplify Energy (AMPY) shows a significantly improving earnings outlook, making it a potentially solid investment choice as analysts continue to raise earnings estimates for the company [1]. Earnings Estimates - There is strong consensus among analysts in raising earnings estimates for Amplify Energy, leading to a considerable increase in consensus estimates for the next quarter and the full year [2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.34 per share, reflecting a year-over-year increase of +41.67%. Over the last 30 days, one estimate has increased with no negative revisions, resulting in a 36% rise in the Zacks Consensus Estimate [3]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at $1.35 per share, which is an 86% decrease from the previous year. However, the trend for the current year is positive, with one estimate moving higher and no negative revisions, leading to a 17.39% increase in the consensus estimate [4]. Zacks Rank - Amplify Energy currently holds a Zacks Rank 2 (Buy) due to favorable estimate revisions. The Zacks Rank is a reliable tool for investors to leverage earnings estimate revisions for informed investment decisions [5]. Stock Performance - The stock has increased by 6.1% over the past four weeks due to strong estimate revisions, indicating potential for further upside, suggesting it may be a good addition to investment portfolios [6].

Core Insights - EnerCom, Inc. is hosting The Energy Investment Conference in Denver from August 18-21, 2024, featuring a session for start-up companies focused on alternative energy and sustainability [1][2][4] - The conference offers free registration for institutional investors and provides networking opportunities with company management teams [2][5] - Start-up companies can apply to present their innovations in energy technology and sustainability during the conference [1][3] Conference Details - The conference will take place at the Westin Denver Downtown and includes a charity golf tournament on August 18, 2024, requiring a $150 donation to participate [4][5] - Presentations will occur from August 19 to August 21, 2024, following a 25-minute presentation format with a 50-minute Q&A session [5][6] - Attendees include institutional investors, private equity, hedge fund investors, and energy industry professionals [5][6] Participation and Sponsorship - Start-up companies interested in presenting can contact EnerCom for application details, with limited space available [3][7] - Qualified investors can request one-on-one meetings with company management teams through the conference website [7] - Sponsorship opportunities are available for interested firms [7]

Core Viewpoint - Amplify Energy (AMPY) shares have shown a modest gain of 0.5% over the past month, closing at $6.20, with analysts suggesting a potential upside based on price targets averaging $9.83, indicating a 58.6% increase from the current price [1] Price Targets and Analyst Consensus - The average price target for AMPY includes estimates ranging from a low of $9 to a high of $11, with a standard deviation of $1.04, suggesting a relatively high agreement among analysts regarding the stock's potential movement [1] - The lowest estimate indicates a 45.2% increase, while the highest suggests a 77.4% upside, highlighting the variability in analyst expectations [1] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism regarding AMPY's earnings prospects, with a 17.4% increase in the Zacks Consensus Estimate for the current year, supported by a lack of negative revisions [5] - AMPY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [5] Caution on Price Targets - While price targets are a popular metric, relying solely on them for investment decisions may not be prudent due to historical inaccuracies in predicting stock price movements [2][3] - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [3] - A low standard deviation among price targets indicates a consensus among analysts, but it should not be the sole basis for investment decisions [4]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...

Core Viewpoint - Investors in Amplify Energy Corp. (AMPY) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Jul 19, 2024 $2.50 Call option [1] Company Analysis - Amplify Energy is currently rated as a Zacks Rank 5 (Strong Sell) in the Oil and Gas - Exploration and Production - United States industry, which is positioned in the bottom 41% of the Zacks Industry Rank [3] - Over the past 60 days, one analyst has raised the earnings estimates for the current quarter, increasing the Zacks Consensus Estimate from earnings of 22 cents per share to 25 cents [3] Options Market Insights - The high implied volatility surrounding Amplify Energy shares indicates that options traders are anticipating a significant price movement, which could suggest an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value as expiration approaches [4]

Conference Overview - EnerCom Denver - The Energy Investment Conference will take place from August 18-21, 2024, at The Westin Denver Downtown, featuring a diverse group of public and private energy companies [1][5] - The conference is recognized as the largest independent investor conference for the global oil and gas industry, open to all energy companies, investors, and professionals [1] Keynote Speaker - Chris Wright, Chairman and CEO of Liberty Energy, will be the lunch keynote speaker on August 19, 2024 [1] Attendee Information - Institutional investors, portfolio managers, financial analysts, and other investment professionals are encouraged to register for the conference, which is free for qualified investment professionals [2][6] - The conference will attract a wide range of attendees, including institutional investors, private equity, hedge fund investors, family offices, research analysts, and energy industry professionals [5] Conference Format - The conference will feature a 25-minute presentation format followed by 50-minute Q&A sessions in separate breakout rooms, along with one-on-one meetings and networking opportunities [6][7] - Formal presentations and meetings will be held from August 19 to August 21, 2024 [5] Sponsorship and Charity Event - The conference will host a Charity Golf Tournament on August 18, 2024, at Arrowhead Golf Club, with a $150 donation required to participate, benefiting IN! Pathways to Inclusive Higher Education [5] - Netherland, Sewell & Associates, Inc. (NSAI) is a global sponsor of the conference, recognized for its engineering and geological consulting services in the petroleum industry [10] Company Presentations - A growing list of companies will present at the conference, with updates on their operational and financial strategies, creating value for stakeholders [4]