enCore Energy (NASDAQ:EU) Stock Rating Upgraded by Jefferies Financial Group

enCore Energy (NASDAQ:EU) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a report released on Thursday, Marketbeat.com reports.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. HC Wainwright lowered their price target on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a report on Friday, August 14th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a research report on Monday, May 18th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, enCore Energy has an average rating of “Moderate Buy” and a consensus target price of $2.90.

enCore Energy Trading Up 3.3%

Shares of enCore Energy stock opened at $1.26 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 business has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.63. enCore Energy has a 1 year low of $1.03 and a 1 year high of $4.18. The company has a market capitalization of $244.79 million, a price-to-earnings ratio of -3.82 and a beta of 2.13.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company had revenue of $15.70 million during the quarter. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. Research analysts forecast that enCore Energy will post -0.41 EPS for the current year.

Insider Buying and Selling

In other enCore Energy news, Director Wayne W. Heili acquired 35,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $1.44 per share, with a total value of $50,400.00. Following the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at approximately $50,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark S. Pelizza bought 99,182 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $1.37 per share, for a total transaction of $135,879.34. Following the transaction, the director owned 237,515 shares in the company, valued at approximately $325,395.55. This represents a 71.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 184,905 shares of company stock valued at $251,284. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On enCore Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EU. Brookstone Capital Management bought a new stake in shares of enCore Energy in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in enCore Energy by 192.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after acquiring an additional 5,356 shares during the period. Osaic Holdings Inc. bought a new position in enCore Energy during the 2nd quarter worth $29,000. Arax Advisory Partners raised its holdings in enCore Energy by 898.7% in the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after acquiring an additional 10,389 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of enCore Energy during the 4th quarter valued at $29,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

About enCore Energy

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.