Key Points
- enCore Energy Chairman William Sheriff bought 50,000 shares at an average price of $0.89, increasing his direct ownership by 3.31% to 1.56 million shares.
- The stock opened at $0.88 and has declined sharply from its 52-week high of $4.18; enCore recently reported a quarterly loss of $0.21 per share, missing estimates by $0.11.
- Analyst views remain mixed, with a consensus rating of Hold and a $2.90 price target, while institutional investors own 20.86% of the company.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) Chairman William Sheriff purchased 50,000 shares of enCore Energy stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of $0.89 per share, with a total value of $44,500.00. Following the transaction, the chairman directly owned 1,562,169 shares in the company, valued at approximately $1,390,330.41. The trade was a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
enCore Energy Trading Down 5.3%
Shares of EU stock opened at $0.88 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The company has a market cap of $170.17 million, a price-to-earnings ratio of -2.65 and a beta of 2.13. enCore Energy Corp. has a 1 year low of $0.77 and a 1 year high of $4.18. The firm has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.54.
enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The firm had revenue of $15.70 million during the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. As a group, equities analysts predict that enCore Energy Corp. will post -0.41 earnings per share for the current year.
Hedge Funds Weigh In On enCore Energy
Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new stake in shares of enCore Energy during the 2nd quarter worth approximately $2,755,000. GeoSphere Capital Management LLC increased its position in enCore Energy by 333.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company's stock worth $3,224,000 after purchasing an additional 1,000,000 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in enCore Energy during the fourth quarter valued at $2,379,000. Azarias Capital Management L.P. raised its stake in enCore Energy by 22.6% during the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company's stock valued at $9,122,000 after purchasing an additional 934,857 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in enCore Energy during the second quarter valued at $725,000. 20.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on EU. Jefferies Financial Group started coverage on enCore Energy in a report on Thursday, September 3rd. They set a "buy" rating and a $1.44 price target on the stock. HC Wainwright dropped their price objective on enCore Energy from $3.75 to $3.50 and set a "buy" rating for the company in a research note on Friday, August 14th. Zacks Research cut enCore Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $2.90.
Check Out Our Latest Research Report on EU
About enCore Energy
(
Get Free Report)
enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.
enCore's portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.
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