Camber Energy (OTCMKTS:CEIN) Issues Quarterly Earnings Results

Camber Energy (OTCMKTS:CEIN) released its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Camber Energy Stock Performance

OTCMKTS:CEIN opened at $0.03 on Tuesday. The firm’s fifty day moving average is $0.03 and its 200-day moving average is $0.04. Camber Energy has a 52 week low of $0.01 and a 52 week high of $0.06. The firm has a market cap of $8.48 million, a P/E ratio of -3.11 and a beta of -2.03.

Camber Energy Company Profile

Camber Energy, Inc is an independent oil and gas exploration and production company engaged in the acquisition, development and operation of onshore hydrocarbon assets in the United States. The company focuses on identifying opportunities in proven resource plays where it can apply modern drilling and completion techniques to enhance production and recover reserves cost-effectively.

Camber Energy’s core producing properties are located in South Louisiana and East Texas, with an emphasis on natural gas and light oil reservoirs.