CEI - Camber Energy, Inc.

NYSE American - NYSE American Delayed Price. Currency in USD
0.2093
-0.0077 (-3.55%)
At close: 3:59PM EDT
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Previous Close0.2170
Open0.2200
Bid0.0000 x 1200
Ask0.0000 x 900
Day's Range0.2050 - 0.2200
52 Week Range0.2000 - 462.5000
Volume4,295,264
Avg. Volume4,268,229
Market Cap5.469M
Beta (3Y Monthly)1.51
PE Ratio (TTM)0.04
EPS (TTM)5.2760
Earnings DateNov 16, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.00
Trade prices are not sourced from all markets
  • ACCESSWIRE

    Camber Energy Sub Lineal Industries Commences Gas Gathering Line Project Budgeted at $2.3 Million

    HOUSTON, TX / ACCESSWIRE / August 15, 2019 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today its recently acquired subsidiary Lineal Industries, Inc (“Lineal”) www.LinealStar.com, has commenced work on a recently awarded contract from a master limited partnership owned by one of the top tier oil and gas companies in the United States. Louis Schott, Interim CEO of Camber Energy, commented, “We appreciate the confidence shown by the master limited partnership in awarding us this project, the second from this client in the last two weeks. Based in Houston, Texas, Camber Energy’s (NYSE American:CEI), primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended).

  • ACCESSWIRE

    Camber Energy to Launch New Shareholder Communication Strategy Focused on Recently Acquired Lineal Star Holdings LLC Plan for the Future

    HOUSTON, TX / ACCESSWIRE / August 7, 2019 / Camber Energy, Inc. (NYSE American: CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today that the Company is launching a new shareholder communications program, focused on the strategy of Camber’s recently acquired subsidiary, Lineal Star Holdings LLC www.LinealStar.com, and its primary operating subsidiary, Lineal Industries, Inc., based in Pittsburgh, PA. The communication strategy will be built on an unwavering commitment to five elements we believe are essential to effective shareholder communications--consistency, clarity, candor, transparency, and trust.

  • ACCESSWIRE

    Camber Energy Sub Lineal Industries Awarded $3.9 Million Pipeline Repair Project by Major Oil and Gas Company

    HOUSTON, TX / ACCESSWIRE / August 5, 2019 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today that its recently acquired subsidiary, Lineal Industries, Inc (“Lineal”) www.LinealStar.com, has been awarded a new contract from a large-cap master limited partnership owned by one of the larger oil and gas companies in the United States. The project entails re-construction of approximately 2,000 lineal feet of 20-inch gas pipeline, including a complete road and creek crossing located in South Western Pennsylvania. Craig Crawford, President of Lineal Industries commented, “This is an exciting addition to our pipeline of business, with immediate positive results for Lineal.

  • ACCESSWIRE

    Camber Energy Provides Update to Shareholders

    HOUSTON, TX / ACCESSWIRE / August 1, 2019 / Camber Energy, Inc. (NYSE American:CEI) (the “Company” or “Camber”), based in Houston, Texas, today provided an update based on multiple requests from its shareholders. As disclosed previously, following the Company’s acquisition of Lineal Star Holdings, LLC (“Lineal”), (whose website is www.LinealStar.com), the Company changed its business focus to growing its midstream and downstream pipeline integrity services, specialty construction and field services. As a major part of the post-transaction business plan with Lineal, Camber has agreed to support an active acquisition program.

  • ACCESSWIRE

    Camber Energy Provides Update To Status of Acquisition of Engineering and Procurement Company

    HOUSTON, TX / ACCESSWIRE / July 23, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the “Company” or “Camber”), announced today that the parties to the previously disclosed non-binding Letter of Intent to purchase an Engineering and Procurement company have agreed to move forward with the preparation of definitive documents to close the transaction. Louis G. Schott, the Interim CEO of Camber stated, “We are continuing the process of due diligence and negotiation with the management of the engineering firm, and we are satisfied with those positive results to date. Based in Houston, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids in the Texas Panhandle.

  • ACCESSWIRE

    Camber Energy Provides Update on The Status of The Completion of SEC Required Financial Statements of Lineal

    HOUSTON, TX / ACCESSWIRE / July 18, 2019 / Camber Energy, Inc. (NYSE American: CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today its recently acquired subsidiary Lineal Star Holdings, LLC (“Lineal”) www.LinealStar.com, is working with Camber’s auditors to prepare Lineal’s financial statements, which must be filed with the Securities and Exchange Commission (the “SEC”) within approximately seventy-five days of the closing of the Agreement and Plan of Merger. Based in Houston, Texas, Camber Energy’s (NYSE American: CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its recently announced acquisition of Lineal Star Holdings LLC. Certain elements of the Lineal Star Holdings acquisition agreement detailed in the Current Report on Form 8-K releasedby the Company on July 9, 2019, are subject to the results of a shareholder vote expected to be held by the end of 2019.

  • Benzinga

    A Look At Benzinga Pro's Most-Searched Tickers For July 11, 2019

    This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Vislink Technologies, Inc. (NASDAQ: VISL ) ...

  • ACCESSWIRE

    Camber Energy, Inc. Announces the Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / July 9, 2019 / Camber Energy, Inc. (NYSE American: CEI) (“Camber” or the “Company”) based in Houston, Texas, announced today that on July 8, 2019, it closed the previously announced acquisition of Lineal Star Holdings, LLC (“Lineal”) www.LinealStar.com. Lineal, based in Houston, Texas, is the parent company of (a) 64-year-old Lineal Industries Inc. (“Lineal Industries”), based in Pittsburgh, Pennsylvania, and (b) Lineal Star Incorporated (“Lineal Star”), headquartered in Houston, each of which were acquired by the Company as part of the merger.

  • ACCESSWIRE

    Camber Energy, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Effectiveness of One-for-Twenty-Five Reverse Stock Split and its Scheduled Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / July 8, 2019 / Camber Energy, Inc. (NYSE American: CEI) (“ Camber” or the “ Company” ) based in Houston, Texas, announced today that, (a) it had received a deficiency letter ...

  • ACCESSWIRE

    Camber Energy, Inc. Announces Approval of 1­for­25 Reverse Stock Split

    HOUSTON, TX / ACCESSWIRE / July 2,2019 / Camber Energy, Inc. (NYSE American: CEI) ("Camber" or the "Company") based in Houston, Texas, announced today that the Board of Directors has approved a 1­for­25 reverse split of the Company's issued and outstanding shares of common stock. The 1­for­25 reverse stock split will be effective pre-market open on Monday, July 8, 2019, in connection with the filing of a Certificate of Amendment to Camber's Certificate of Incorporation and Camber's common stock will begin trading on a split­adjusted basis when the market opens on Monday, July 8, 2019.

  • ACCESSWIRE

    Camber Energy Provides Final Agreements Related to its Preferred C Shareholder to the NYSE American in Connection with its Planned Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / June 20, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that it has come to agreement on mutually acceptable transaction documents with the holder of the Company's Series C Redeemable Convertible Preferred Stock and has provided the NYSE American with copies of the final documents memorializing said agreement for its review. The approval of the NYSE American of the terms and conditions of these agreements is one of the final material conditions required to be met prior to closing the acquisition.

  • ACCESSWIRE

    Camber Energy, Inc. Announces That It Has Regained Compliance with All NYSE American Continued Listing Standards

    HOUSTON, TX / ACCESSWIRE / June 5, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that on June 4, 2019, it received a letter from the NYSE American advising the Company that it had regained compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide (the "Guide"). Specifically, effective on June 3, 2019, the Company resolved its previous continued listing deficiency with respect to Section 1003(f)(v) of the Guide, which the Company was previously subject to in December 2018, due to the low trading prices of its common stock.

  • ACCESSWIRE

    Camber Energy Provides Final Transaction Documents to the NYSE American in Connection with its Planned Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / June 3, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that it has provided the NYSE American copies of the final transaction documents between the Company and Lineal Star Holdings ("Lineal"), www.LinealStar.com, relating to the Company's planned acquisition of Lineal pursuant to its previously disclosed non-binding letter of intent, for approval. The approval of the NYSE American of the terms and conditions of the closing documents is a condition to closing the acquisition.

  • ACCESSWIRE

    Camber Energy Announces That It Is Finalizing Closing Documents for Its Planned Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / May 28, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that Lineal Star Holdings ("Lineal"), www.LinealStar.com, the acquisition target which Camber is seeking to acquire (through its subsidiaries) pursuant to its previously disclosed non-binding letter of intent, are finalizing closing documents for the planned combination transaction, which the Company expects to complete by Friday, May 31, 2019. The closing remains subject to the holder of the Company's Series C Redeemable Convertible Preferred Stock agreeing to the terms of the transaction, Lineal agreeing to certain other required closing conditions, approval of the NYSE American of the transaction agreements, and certain other closing conditions which the Company is taking steps to finalize by this Friday.

  • ACCESSWIRE

    Camber Energy Announces the Full Reduction of $1.1 Million of Its Series B Preferred Stock Liquidation Preference

    HOUSTON, TX / ACCESSWIRE / May 21, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, which as previously announced is working to finalize definitive documents to complete the acquisition of Lineal Star Holdings' subsidiaries ("Lineal"), www.LinealStar.com, which provide midstream and downstream pipeline integrity services, specialty construction and field services, pursuant to the Company's previously disclosed non-binding letter of intent, announced that it has entered into an Agreed Conversion Agreement ("Conversion Agreement") with the holder of its Series B Redeemable Convertible Preferred Stock ("Series B Preferred Stock"). Pursuant to the Conversion Agreement, the sole holder of the Company's Series B Preferred Stock agreed to convert such shares of Series B Preferred Stock into 503 shares of the Company's common stock, pursuant to the stated terms of such Series B Preferred Stock, in consideration for $25,000 in cash.

  • ACCESSWIRE

    Camber Energy Announces that Lineal Star Holdings Has Entered Into A Letter of Intent to Purchase An Engineering and Procurement Firm

    HOUSTON, TX / ACCESSWIRE / May 15, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, today announced that Lineal Star Holdings ("Lineal"), www.LinealStar.com, the acquisition target which Camber is seeking to acquire (individually, or through its subsidiaries) pursuant to its previously disclosed non-binding letter of intent, has signed a non-binding letter of intent to purchase a Houston based Engineering and Procurement firm. Camber has further been advised that the acquisition is designed to expand Lineal's current service offering to a full range of engineering, procurement, specialty construction and upstream, midstream and downstream field services. Louis G. Schott, Interim Chief Executive Officer of Camber stated, "Camber is excited about this planned acquisition by Lineal of a well-respected engineering firm with experienced industry leaders.

  • ACCESSWIRE

    Camber Energy Announces the Completion of its Due Diligence on its Planned Acquisition of Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / May 13, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, today announced that it has completed its due diligence on Lineal Star Holdings ("Lineal"), www.LinealStar.com, the acquisition target which Camber is seeking to acquire pursuant to its previously disclosed letter of intent. The transaction contemplates the issuance of a new series of convertible preferred stock which will be convertible into 67-70% of the fully diluted common stock of Camber after shareholder approval, as required under the applicable NYSE American rules and requirements.

  • ACCESSWIRE

    Camber Energy Announces Revised Letter of Intent with Lineal Star Holdings

    HOUSTON, TX / ACCESSWIRE / May 2, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, today announced a revised letter of intent with Lineal Star Holdings www.LinealStar.com, the acquisition target which Camber is seeking to acquire pursuant to its previously disclosed letter of intent. It has Master Service Agreements in Pennsylvania, Ohio and West Virginia, with planned growth in Texas, the Gulf South and Mid-Continent. It is contemplated that Camber will issue a new series of convertible preferred stock which will be convertible into 67-70% of the fully diluted common stock of Camber after shareholder approval as required under the applicable NYSE American Rules and Requirements.

  • ACCESSWIRE

    Camber Energy Announces Preliminary NYSE Approval of the Proposed Terms of its Planned Acquisition of a Pipeline Service and Construction Company

    HOUSTON,TX / ACCESSWIRE / April 22, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, today announced that it had received preliminary non-binding approval from the staff of the NYSE American of the planned terms of its contemplated acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. Louis G. Schott, the Interim CEO of Camber noted, ''We have had numerous discussions with the staff of the NYSE American concerning the structure of the Company’s planned acquisition and have received their preliminary approval of the terms of the transaction as set forth in the non-binding term sheet between the parties.

  • ACCESSWIRE

    Camber Energy Announces Execution of Revised Non-Binding Letter of Intent Relating to the Acquisition of a Pipeline Service and Construction Company

    HOUSTON, TX / ACCESSWIRE / April 10, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, today announced the execution of a revised non-binding Letter of Intent in connection with the Company's previously announced planned acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. Louis G. Schott, the Interim CEO of Camber noted, ''We have revised the Letter of Intent based on discussions with the NYSE American.

  • ACCESSWIRE

    Camber Energy Announces Entry Into Non-Binding Letter of Intent Relating to the Acquisition of a Pipeline Service and Construction Company

    HOUSTON, TX / ACCESSWIRE / March 20, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, today announced the execution of a non-binding Letter of Intent in connection with the Company's acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. Louis G. Schott, the Interim CEO of Camber noted, ''We are excited about the opportunity which this acquisition presents.

  • ACCESSWIRE

    Camber Energy, Inc. Announces That It Has Regained Compliance with Certain NYSE American Continued Listing Standards

    HOUSTON, TX / ACCESSWIRE / February 19, 2019 / Camber Energy, Inc. (NYSE American: CEI) based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, announced today it has received a letter of notification from the NYSE Regulation that it is back in compliance with three of the NYSE American continued listing standards as set forth in Part 10 of the NYSE American Company Guide (the ''Guide'') (specifically Sections 1003(a)(i) through (iii) thereof, as discussed in greater detail below). The previously announced closing of the N&B Energy transaction in 2018, which extinguished the Company's bank debt, along with continued institutional investment allowed the Company to increase its total stockholders' equity above $2 million by the end of the third calendar quarter of 2018, representing an improvement in stockholders' equity of over $30 million compared to the Company's stockholders' equity at the end of the second calendar quarter of 2018.

  • ACCESSWIRE

    Camber Energy Announces January 31, 2019, Pro Forma Stockholders' Equity In Excess of $6 Million and Continued Discussions with Merger and Acquisition Candidates

    HOUSTON, TX / ACCESSWIRE / February 4, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the ''Company'' or ''Camber''), based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, announced today that it had unaudited pro forma stockholders' equity, as of January 31, 2019, of over approximately $7.4 million, which exceeds the $6 million minimum amount of stockholders' equity the Company is required to maintain pursuant to Sections 1003(a)(i) through (iii) of the NYSE American Company Guide (the ''Guide'').

  • ACCESSWIRE

    Camber Energy Announces Discussions with Investment Banking Firms Regarding Merger and Acquisition Opportunities; Shareholder Inquiries

    HOUSTON, TX / ACCESSWIRE / January 18, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, today announced that the Company has had discussions with multiple investment banking firms to assist with identifying a merger or acquisition candidate and is contemplating engaging a firm in the event that a transaction is not completed with any of the current opportunities being explored in the near future. The Company has been actively seeking and considering acquisitions and merger candidates, but intends to aggressively expand and expedite the scope of the process to identify accretive transactions. There can be no assurance that the Company's efforts will result in any transaction.

  • ACCESSWIRE

    Camber Energy Provides Monthly Update for January 2019

    HOUSTON, TX / ACCESSWIRE / January 16, 2019 / Camber Energy, Inc. (NYSE American: CEI) (the "Company" or "Camber"), based in Houston, Texas, a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, today provided a monthly update on its workover activities. In the Panhandle in Hutchinson County, Texas, the Company's production has taken longer to reach its full potential due to unforeseen weather, compressor and electrical work delays as well as delays in the installation of an oil separator.