The stock of Camber Energy Inc. (AMEX:CEI) last traded at $0.14, down -1.57% from the previous session.
As we calculate the median target price by taking the range between a high of $781250.00 and a low of $781250.00, we find $781250.00. Given the previous closing price of $0.14, this indicates a potential upside of 558035614.29 percent. CEI stock price is now -28.87% away from the 50-day moving average and -72.54% away from the 200-day moving average. The market capitalization of the company currently stands at $66.72M.
Brokers who have rated the stock have averaged $781250.00 as their price target over the next twelve months.
A total of 11.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CEI stock. A new stake in Camber Energy Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $113,000. AMUSSEN HUNSAKER ASSOCIATES LLC invested $4,000 in shares of CEI during the first quarter. In the first quarter, BILTMORE CAPITAL ADVISORS LLC acquired a new stake in Camber Energy Inc. valued at approximately $4,000. CITADEL ADVISORS LLC acquired a new stake in CEI for approximately $3,000. FMR LLC purchased a new stake in CEI valued at around $3,000 in the second quarter.
With an opening price of $0.1404 on Wednesday morning, Camber Energy Inc. (AMEX: CEI) set off the trading day. During the past 12 months, Camber Energy Inc. has had a low of $0.12 and a high of $1.98.
The company reported revenue of $0.16 million for the quarter, compared to $0.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.37 percent.
Camber Energy Inc.(CEI) Company Profile
Camber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in Kansas, Missouri; Louisiana; and Texas. As of December 31, 2021, its total estimated proved producing reserves consists of approximately 73,800 barrels of oil equivalent, including 48,400 barrels were crude oil and NGL reserves, and 152,400 thousand cubic feet were natural gas reserves. The company was formerly known as Lucas Energy Inc. and changed its name to Camber Energy, Inc. in January 2017. Camber Energy, Inc. was incorporated in 2003 and is headquartered in Houston, Texas.