enCore Energy (NASDAQ:EU) Announces Earnings Results

enCore Energy (NASDAQ:EU) announced its earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.The business had revenue of $12.38 million for the quarter.

enCore Energy Trading Down 0.5%

NASDAQ EU opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. The stock has a market capitalization of $369.02 million, a P/E ratio of -6.79 and a beta of 2.41. The firm’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.71. enCore Energy has a 12 month low of $1.01 and a 12 month high of $4.19.

Insider Transactions at enCore Energy

In other news, insider William M. Sheriff sold 10,000 shares of enCore Energy stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $2.81, for a total value of $28,100.00. Following the completion of the sale, the insider directly owned 2,876 shares of the company’s stock, valued at approximately $8,081.56. The trade was a 77.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EU. Nomura Holdings Inc. purchased a new stake in shares of enCore Energy during the third quarter worth $4,590,000. Two Sigma Investments LP acquired a new position in enCore Energy during the 3rd quarter worth $3,804,000. Marshall Wace LLP increased its holdings in enCore Energy by 293.9% during the 2nd quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock worth $3,610,000 after purchasing an additional 941,691 shares during the period. Vident Advisory LLC raised its position in enCore Energy by 32.9% in the 2nd quarter. Vident Advisory LLC now owns 3,172,762 shares of the company’s stock valued at $9,045,000 after purchasing an additional 785,568 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of enCore Energy by 135.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,041,746 shares of the company’s stock valued at $2,584,000 after buying an additional 599,860 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, January 21st. Northland Securities assumed coverage on shares of enCore Energy in a research note on Tuesday, January 6th. They set an “outperform” rating and a $3.50 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $3.83.

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.