enCore Energy (NASDAQ:EU) Stock Rating Upgraded by Zacks Research

enCore Energy (NASDAQ:EU) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other equities research analysts have also weighed in on EU. Wall Street Zen lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 26th. HC Wainwright reduced their price target on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a report on Friday, August 14th. 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. Finally, Jefferies Financial Group began coverage on shares of enCore Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, enCore Energy presently has an average rating of “Moderate Buy” and a consensus price target of $2.90.

enCore Energy Stock Up 6.5%

NASDAQ:EU opened at $1.14 on Monday. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $1.16 and a 200-day moving average of $1.44. The firm has a market capitalization of $221.48 million, a PE ratio of -3.45 and a beta of 2.16. enCore Energy has a 52 week low of $0.77 and a 52 week high of $4.18.

enCore Energy (NASDAQ:EU) last announced its quarterly 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). enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%.The company had revenue of $15.70 million during the quarter. Analysts predict that enCore Energy will post -0.41 EPS for the current year.

Insider Buying and Selling at enCore Energy

In related news, Chairman William Sheriff acquired 100,000 shares of enCore Energy stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average price of $0.81 per share, with a total value of $81,000.00. Following the completion of the acquisition, the chairman directly owned 1,662,169 shares of the company’s stock, valued at $1,346,356.89. This trade represents a 6.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 310,000 shares of company stock worth $262,100 in the last quarter. 3.00% of the stock is owned by insiders.

Institutional Trading of enCore Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in shares of enCore Energy during the second quarter valued at approximately $2,755,000. Bank of New York Mellon Corp acquired a new stake in enCore Energy in the second quarter worth approximately $725,000. Hennion & Walsh Asset Management Inc. lifted its position in enCore Energy by 90.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 236,373 shares of the company’s stock worth $310,000 after purchasing an additional 112,130 shares during the period. Rathbones Group PLC bought a new position in enCore Energy during the 1st quarter valued at $63,000. Finally, J. Derek Lewis & Associates Inc. boosted its stake in enCore Energy by 82.8% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company’s stock valued at $95,000 after purchasing an additional 24,000 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

About enCore Energy

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.