Energy Stocks on the Move Monday: MXC, SDPI, REI, TGA, AMPY, AMTX, EPSN, TNK

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Monday, October 04, 2021 02:22 PM | InvestorsObserver Analysts

These Energy stocks are trading higher:

-Mexco Energy Corporation (MXC) stock is trading at $15.81, an increase of $4.07, or 36.29%, on high volume. Mexco Energy Corp gets a Sentiment Score of Bullish from InvestorsObserver.

-Superior Drilling Products Inc (SDPI) stock is trading at $1.90, a gain of $0.38, or 25%, on high volume. Superior Drilling Products Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Buy.

-Ring Energy Inc (REI) stock is trading at $3.48, a rise of $0.49, or 17.39%, on high volume. Ring Energy Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $3.00.

-TransGlobe Energy Corporation (TGA) stock is trading at $2.60, an increase of $0.32, or 14.04%, on high volume. Transglobe Energy Cp gets a Sentiment Score of Bullish from InvestorsObserver.

Find the top stocks in the Energy Sector here.

These Energy stocks are trading lower:

-Aemetis Inc (AMTX) stock is trading at $16.68, a decline of $3.02, or 15.4%, on average volume. Aemetis Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $30.25.

-Epsilon Energy Ltd (EPSN) stock is trading at $5.62, a decline of $0.49, or 7.95%, on high volume. Epsilon Energy gets a Sentiment Score of Bullish from InvestorsObserver.

-Teekay Tankers Ltd. (TNK) stock is trading at $14.10, a loss of $0.75, or 5.19%, on average volume. Teekay Tankers Ltd gets a Sentiment Score of Very Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $17.33. Teekay Tankers Ltd next reports earnings on November 3.

Find the top stocks in the Energy Sector here.

Amplify Energy Corp (AMPY) Stock: What Does the Chart Say Tuesday?

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Amplify Energy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMPY!

Amplify Energy (AMPY) Soars 8.1%: Is Further Upside Left in the Stock?

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Amplify Energy (AMPY) shares rallied 8.1% in the last trading session to close at $5.75. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock’s 39.3% gain over the past four weeks.

Amplify Energy extended its rally for the ninth straight day, driven by optimism over rising commodity prices spurred by widespread COVID-19 vaccine rollouts, the ongoing government stimulus and an improving demand picture. The recovery in crude prices to over $75 a barrel and natural gas surging to seven-year highs has lifted the energy space and contributed to the strength in Amplify Energy, an upstream operator in Oklahoma, the Rockies, offshore Southern California, East Texas / North Louisiana, and the Eagle Ford.

This oil and gas company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +300%. Revenues are expected to be $66.07 million, up 25.3% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Amplify Energy, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AMPY going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here »»

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Amplify Energy Corp. (AMPY): Free Stock Analysis Report

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