Why These Energy Stocks Are Gaining This Week

3. Amplify Energy Corp. (NYSE:AMPY)

Share Price Gains Between May 29 – June 5: 15.66%

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) fell by over 16% last month after posting lower-than-expected results in its Q1 2025, falling below estimates in both earnings and revenue. The company posted a net loss of $5.9 million during the quarter, and its average daily production of 17.9 MBoe/d also declined by 3.2% QoQ. Additionally, Amplify reported a negative free cash flow of $7.2 million in Q1 2025, against generating $2.9 million in free cash flow in the previous quarter. So the recent uptick in prices could be due to investors perceiving the stock as undervalued and picking it up at a lower price. Moreover, the 3.8% surge in the WTI crude oil price over the last week also seems to have eased the pressure on AMPY.