Taking on analysts’ expectations and winning: Camber Energy Inc. (CEI)

Camber Energy Inc. (AMEX: CEI) stock fell -8.41% on Friday to $0.32 against a previous-day closing price of $0.35. With 3.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.78 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $0.3600 whereas the lowest price it dropped to was $0.3200. The 52-week range on CEI shows that it touched its highest point at $15.12 and its lowest point at $0.30 during that stretch. Beta for the stock currently stands at -1.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEI was down-trending over the past week, with a drop of -3.03%, but this was down by -33.33% over a month. Three-month performance dropped to -68.00% while six-month performance fell -75.76%. The stock lost -97.79% in the past year, while it has lost -84.16% so far this year.

Float and Shares Shorts:

At present, 88.45 million CEI shares are outstanding with a float of 81.98 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.64 million, which was 5.25% higher than short shares on . In addition to Mr. James Andrew Doris as the firm’s Chairman, Pres & CEO, Mr. John McVicar serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 4.11% of CEI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.64% of CEI, in contrast to 0.94% held by mutual funds. Shares owned by individuals account for 0.61%. As the largest shareholder in CEI with 0.72% of the stake, The Vanguard Group, Inc. holds 639,105 shares worth 639,105. A second-largest stockholder of CEI, Virtu Financial BD LLC, holds 191,016 shares, controlling over 0.22% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CEI, holding 142,069 shares or 0.16% stake. With a 0.38% stake in CEI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 332,001 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.34% of CEI stock, is the second-largest Mutual Fund holder. It holds 303,719 shares valued at 0.12 million. Fidelity Extended Market Index Fu holds 0.12% of the stake in CEI, owning 108,557 shares worth 44508.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CEI reported revenue of $6.59M and operating income of -$677.43k. The EBITDA in the recently reported quarter was $548.73k and diluted EPS was -$0.00.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEI analysts setting a high price target of $39,062,500.00 and a low target of $39,062,500.00, the average target price over the next 12 months is $39,062,500.00. Based on these targets, CEI could surge 12207031150.0% to reach the target high and rise by 12207031150.0% to reach the target low. Reaching the average price target will result in a growth of 12207031150.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CEI stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 3,885,078 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 3,885,078 while 0 shares were sold.

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