enCore Energy (NASDAQ:EU) Releases Earnings Results, Misses Expectations By $0.11 EPS

enCore Energy (NASDAQ:EU) announced its quarterly earnings data on Thursday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.11), FiscalAI reports. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 27.30%. The firm had revenue of $15.70 million during the quarter.

enCore Energy Stock Up 6.1%

Shares of EU traded up $0.07 during mid-day trading on Friday, hitting $1.21. 1,900,495 shares of the company’s stock were exchanged, compared to its average volume of 3,383,752. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. enCore Energy has a 52 week low of $1.03 and a 52 week high of $4.18. The company has a 50-day simple moving average of $1.30 and a 200 day simple moving average of $1.81. The company has a market cap of $235.08 million, a PE ratio of -3.67 and a beta of 2.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities set a $3.75 price target on shares of enCore Energy in a report on Monday, May 18th. Weiss Ratings upgraded shares of enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, HC Wainwright decreased their price target on enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a report on Friday. One research analyst has 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.62.

Insider Buying and Selling

In other enCore Energy news, Director Wayne W. Heili purchased 35,000 shares of enCore Energy stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $1.44 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the director owned 35,000 shares of the company’s stock, valued at approximately $50,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark S. Pelizza bought 99,182 shares of enCore Energy stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $1.37 per share, with a total value of $135,879.34. Following the completion of the purchase, the director directly owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 259,905 shares of company stock worth $362,534. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On enCore Energy

Institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in enCore Energy in the 4th quarter worth about $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 worth $9,122,000 after acquiring an additional 934,857 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of enCore Energy during the fourth quarter worth $1,009,000. GeoSphere Capital Management LLC increased its stake in shares of enCore Energy by 333.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after buying an additional 1,000,000 shares during the period. Finally, Themes Management Co LLC raised its position in enCore Energy by 187.2% during the 1st quarter. Themes Management Co LLC now owns 246,624 shares of the company’s stock worth $447,000 after purchasing an additional 160,765 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

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.