The Vanguard Group, Inc. recently announced the acquisition of new stake in Camber Energy Inc. (AMEX:CEI). The institutional investor has increased its shareholding in the Energy company by 27.49% to 0.64 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 2.62% valued currently at $0.54 million. In addition, Virtu Financial BD LLC raised its holdings by 0.19 million to 0.19 million shares. And Geode Capital Management LLC has lifted its position by 85.96% or 64317.0 shares – to 0.14 million shares.
With over 4.38 million Camber Energy Inc. (CEI) shares trading Tuesday and a closing price of $0.32 on the day, the dollar volume was approximately $1.4 million. The shares have shown a negative half year performance of -77.19% and its price on 09/12/23 gained nearly 2.16%. Currently, there are 88.45M common shares owned by the public and among those 81.98M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CEI have a consensus price objective of $39062500.00. The analysts have set the share’s price value over the next 12 months at a high of $39062500.00 and a low of $39062500.00. But an upside of 100.0% will see the stock hit the forecast high price target while median target price for the stock is $39062500.00.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 3,885,078 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Camber Energy Inc. are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 0.33 million shares of the company’s stock, all valued at over $0.28 million. The company sold 1.0 shares recently to bring their total holdings to about 1.36% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.45% of the shares outstanding.
However, the script later moved the day high at 0.3290, up 2.16%. The company’s stock has a 5-day price change of -19.82% and -68.47% over the past three months. CEI shares are trading -84.08% year to date (YTD), with the 12-month market performance down to -98.03% lower. It has a 12-month low price of $0.30 and touched a high of $16.70 over the same period. CEI has an average intraday trading volume of 4.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -26.88%, -50.70%, and -80.33% respectively.
Institutional ownership of Camber Energy Inc. (AMEX: CEI) shares accounts for 4.50% of the company’s 88.45M shares outstanding. Mutual fund holders own 3.40%, while other institutional holders and individual stakeholders account for 4.64% and 2.20% respectively.
It has a market capitalization of $29.04M and a beta (3y monthly) value of -1.22. The earnings-per-share (ttm) stands at -$3.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.23% over the week and 9.57% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.