Millennium Management LLC recently announced the acquisition of new stake in Camber Energy Inc (AMEX:CEI). This fresh investment now brings its stake to 0.41% valued currently at $0.11 million. In addition, Geode Capital Management LLC raised its holdings by 0.26 million to 0.4 million shares.
With over 3.82 million Camber Energy Inc (CEI) shares trading Tuesday and a closing price of $0.23 on the day, the dollar volume was approximately $0.88 million. The shares have shown a negative half year performance of -64.54% and its price on 12/26/23 gained nearly 3.05%. Currently, there are 107.53M common shares owned by the public and among those 103.42M shares have been available to trade.
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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 Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Vanguard Total Stock Market ETF. Fidelity Extended Market Index Fu owns 0.55 million shares of the company’s stock, all valued at over $0.14 million. The company bought an additional 0.19 million shares recently to bring their total holdings to about 0.52% of the shares outstanding. Vanguard Extended Market Index Fu bought 0.16 million shares to see its total holdings expand to 0.46 million shares valued at over $0.11 million and representing 0.43% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 0.31% of the shares outstanding.
Shares of Camber Energy Inc (AMEX: CEI) opened at $0.23, up $0.01 from a prior closing price of $0.22. However, the script later moved the day high at 0.2375, up 3.05%. The company’s stock has a 5-day price change of 6.88% and -16.62% over the past three months. CEI shares are trading -88.62% year to date (YTD), with the 12-month market performance down to -92.05% lower. It has a 12-month low price of $0.20 and touched a high of $2.86 over the same period. CEI has an average intraday trading volume of 5.82 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 -2.53%, -24.40%, and -69.37% respectively.
Institutional ownership of Camber Energy Inc (AMEX: CEI) shares accounts for 2.44% of the company’s 107.53M shares outstanding. Mutual fund holders own 1.61%, while other institutional holders and individual stakeholders account for 3.82% and 0.83% respectively.
It has a market capitalization of $24.71M and a beta (3y monthly) value of -1.92. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.96% over the week and 7.69% 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.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Camber Energy Inc (CEI) as a “Strong Sell” at a consensus score of 5.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 1 rated it as a “Sell.”
