Key Points
- Director buying: enCore Energy director Wayne Heili purchased 35,000 shares at $1.44 each, a $50,400 transaction that increased his direct holdings to 35,000 shares.
- Stock and earnings context: The stock rose 8.4% and opened at $1.67, while the company recently reported a quarterly EPS loss of $0.09, wider than expected, despite revenue of $18.3 million beating estimates.
- Wall Street sentiment: Analysts currently rate enCore Energy as a Moderate Buy with an average target price of $3.83, though recent rating and price-target changes have been mixed.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director Wayne Heili bought 35,000 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the director directly owned 35,000 shares in the company, valued at $50,400. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
enCore Energy Stock Up 8.4%
EU stock opened at $1.67 on Wednesday. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $324.40 million, a PE ratio of -11.13 and a beta of 2.00. enCore Energy Corp. has a 1-year low of $1.26 and a 1-year high of $4.19. The business's 50 day simple moving average is $1.70 and its 200 day simple moving average is $2.26.
enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The business had revenue of $18.30 million for the quarter, compared to analyst estimates of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. As a group, research analysts anticipate that enCore Energy Corp. will post -0.32 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on EU. Wall Street Zen raised enCore Energy from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings lowered enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, June 8th. HC Wainwright decreased their price objective on enCore Energy from $4.00 to $3.75 and set a "buy" rating on the stock in a report on Friday, May 15th. Finally, Northland Securities set a $3.75 price objective on enCore Energy in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, enCore Energy currently has an average rating of "Moderate Buy" and an average target price of $3.83.
Read Our Latest Analysis on enCore Energy
Hedge Funds Weigh In On enCore Energy
Several large investors have recently bought and sold shares of EU. NewEdge Advisors LLC raised its position in enCore Energy by 13.2% in the first quarter. NewEdge Advisors LLC now owns 294,405 shares of the company's stock valued at $403,000 after purchasing an additional 34,250 shares during the last quarter. Creative Planning raised its position in enCore Energy by 66.1% in the second quarter. Creative Planning now owns 24,162 shares of the company's stock valued at $69,000 after purchasing an additional 9,612 shares during the last quarter. Prudential Financial Inc. raised its position in enCore Energy by 68.9% in the second quarter. Prudential Financial Inc. now owns 20,550 shares of the company's stock valued at $59,000 after purchasing an additional 8,380 shares during the last quarter. Marshall Wace LLP raised its position in enCore Energy by 293.9% in the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company's stock valued at $3,610,000 after purchasing an additional 941,691 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in enCore Energy in the second quarter valued at about $87,000. 20.86% of the stock is currently owned by institutional investors.
About enCore Energy
(
Get Free Report)
enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company's operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore's flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.
In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.
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