The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed

7. Amplify Energy Corp. (NYSE:AMPY)

Share Price Gains Between March 9 and March 16: 6.44%

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) shot up despite falling behind estimates in its Q4 2025 report on March 10. The company’s adjusted loss per share of $0.24 missed expectations by $0.45, while its revenue also fell by 18% YoY to $56.5 million and fell short of forecasts by over $14 million.

That said, Amplify Energy Corp. (NYSE:AMPY) reported significant operational progress in its strategic plan designed to simplify the company’s portfolio, strengthen its balance sheet, and focus resources on assets with the highest potential upside opportunities. Following the recent asset sales, Amplify is now debt-free and has approximately $61 million in cash and cash equivalents. This greatly enhances the company’s attractiveness compared to its peers with leveraged balance sheets. Moreover, it will allow the firm to have a more consistent development program, with 5-8 wells planned to be drilled this year.

Amplify Energy Corp. (NYSE:AMPY) has also received a lift from the soaring crude oil prices, with the Brent crude price hovering at just over the $100 per barrel mark as of the writing of this article.