Key Points
- CEO Richard Little purchased 10,000 enCore Energy shares at an average price of $1.06, investing $10,600 and increasing his direct stake by 20% to 60,000 shares.
- enCore Energy shares were trading at $1.21, up 15.2%, but the company recently reported a larger-than-expected quarterly loss of $0.21 per share and maintains negative profitability metrics.
- Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $2.90; institutional investors own approximately 20.86% of the company.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) CEO Richard Little bought 10,000 shares of the stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of $1.06 per share, for a total transaction of $10,600.00. Following the acquisition, the chief executive officer directly owned 60,000 shares of the company's stock, valued at $63,600. The trade was a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
enCore Energy Trading Up 15.2%
NASDAQ:EU opened at $1.21 on Wednesday. enCore Energy Corp. has a 52-week low of $0.77 and a 52-week high of $4.18. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $1.17 and a 200-day simple moving average of $1.50. The company has a market capitalization of $235.08 million, a PE ratio of -3.67 and a beta of 2.13.
enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.11). enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. The business had revenue of $15.70 million during the quarter. On average, equities research analysts expect that enCore Energy Corp. will post -0.41 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Weiss Ratings lowered shares of enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, September 14th. HC Wainwright reduced their target price on enCore Energy from $3.75 to $3.50 and set a "buy" rating on the stock in a research note on Friday, August 14th. Zacks Research cut enCore Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group initiated coverage on enCore Energy in a research report on Thursday, September 3rd. They set a "buy" rating and a $1.44 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $2.90.
View Our Latest Stock Analysis on EU
Institutional Investors Weigh In On enCore Energy
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its position in enCore Energy by 37.7% during the first quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company's stock worth $43,000 after purchasing an additional 6,608 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of enCore Energy by 6.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 213,804 shares of the company's stock valued at $386,000 after buying an additional 12,700 shares during the period. Brookstone Capital Management purchased a new stake in shares of enCore Energy during the 1st quarter valued at $26,000. Royal Bank of Canada increased its holdings in shares of enCore Energy by 154.5% during the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company's stock worth $57,000 after buying an additional 19,269 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of enCore Energy during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 20.86% of the company's stock.
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.
Further Reading
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