CEI Stock Forecast: Latest Tweet

CEI Stock Forecast: The outlook is Neutral. The stock is a sell.


CEI Stock Forecast: Price today

CEI Stock Forecast: Recent Performance

5 days 1 month YTD
CEI +13.9% -31.3% -74.7%
NASDAQ -0.5% -2.9% -14.1%

CEI Stock Forecast: Latest News

Oil prices fell after FED’s increased rates: Recently, the U.S Federal Reserve hiked the interest rates by 75 basis points. These rates are the highest since 2008. This increase in interest rates led to the fall of oil prices. Higher interest rates mean strengthening the dollar, which decreases the global oil demand, making it expensive for foreign countries.

Goldman Sachs is bullish on the oil market: Recently, Goldman Sachs said it is bullish on the oil market, stating the present condition as a “critically tight” market but reduced the Brent oil price forecast to $100 from $125. A

strong US dollar and falling demand expectations will remain powerful headwinds to prices into year-end,” “Yet, the structural bullish supply set-up — due to the lack of investment, low spare capacity and inventories — has only grown stronger, inevitably requiring much higher prices.”, said Goldman analysts including Damien Courvalin and Callum Bruce.

The subsidiary company filed a new patent: Camber energy’s major holding subsidiary, Viking Energy Group announced in August that its subsidiary company Viking Protection Systems filed a patent application regarding its electric transmission line protection technology. Generally, In the electric transmission system, line breaks caused many deaths. So, Viking has created a system that stops the power before the broken lines make any contact with the ground.

Recession fears: The sluggish economy and the fears of a recession are leading the oil price to go down. The prices of Brent crude oil fell to less than $85 and West Texas Intermediate (WTI) fell around $76.47 per barrel, the lowest since January.

CEI Stock Forecast: Latest Video

YouTube video

CEI Stock Price Prediction: Short-Term Outlook

Trend
Overall Neutral
1. Market’s Wisdom Neutral
1a. Market Data Lower
Volume Higher
Performance vs NASDAQ (Last 5 days) Higher
1b. Technical Sell
2. Crowd’s Wisdom Neutral
2aGoogle Search Lower
2b. Social Media Sentiment Higher

CEI Stock Forecast: Latest Tweet

$CEI $VKIN Using the Renko setup you’ll find a falling wedge that has been forming for 10 months … The longer the time frame, the stronger the

technical. This pattern is extremely seasoned. When we break out it will be so fast and vicious that no wall will stand in its way.

CEI Stock Forecast: Q2 Results

Camber energy released its quarter 2 (which ended on June 30, 2022) reports in August.

Its revenues are reported as $0.2 million, up 76% y-y.

The company’s operating expenses are $1.1 million, down 15% y-y.

Its Loss from operations is declared as $0.9 million, compared to $1.2 in Q2, 2022.

Its net income was declared as $4.6 million, down 92.69% y-y.

Its diluted earnings per share (EPS) were $0.01, compared to the previous quarter’s $0.22 and up 100.9% y-y.

Its EBIT was reported as $1 million.

CEI Forecast: Conclusion

Camber energy’s stock has not been performing well, the stock is down 94% since the last year and considering the present conditions of a slow economy, high-interest rates, strong dollar value, and recession and Camber’s liabilities are exceeding its total assets year-over-year. So, this stock is not considered to be a great pick.

Writer

Bommu Vaishnavi

Tesla Stock Forecast is revised LOWER to $398 as Fed and Putin push Markets Lower

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Source link