enCore Energy (NASDAQ:EU) Stock Price Target Lowered at HC Wainwright

enCore Energy (NASDAQ:EU) had its price objective cut by HC Wainwright to $1.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

EU has been the subject of a number of other research reports. Zacks Research upgraded enCore Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. B. Riley Financial reaffirmed a “buy” rating on shares of enCore Energy in a research report on Wednesday, October 28th. Jefferies Financial Group began coverage on enCore Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price for the company. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Finally, Wall Street Zen downgraded shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, enCore Energy currently has an average rating of “Moderate Buy” and an average target price of $2.23.

enCore Energy Trading Up 2.1%

Shares of EU stock traded up $0.01 during mid-day trading on Friday, reaching $0.55. The company’s stock had a trading volume of 3,258,113 shares, compared to its average volume of 3,021,450. The company’s 50 day simple moving average is $0.91 and its 200-day simple moving average is $1.53. The firm has a market capitalization of $107.70 million, a PE ratio of -1.17 and a beta of 2.29. enCore Energy has a 12-month low of $0.53 and a 12-month high of $3.67. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, November 12th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). enCore Energy had a negative net margin of 145.02% and a negative return on equity of 32.11%. The firm had revenue of $16.69 million during the quarter. On average, research analysts predict that enCore Energy will post -0.41 EPS for the current fiscal year.

Insider Transactions at enCore Energy

In related news, Chairman William Sheriff purchased 100,000 shares of enCore Energy stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $0.81 per share, with a total value of $81,000.00. Following the completion of the transaction, the chairman owned 1,662,169 shares of the company’s stock, valued at approximately $1,346,356.89. This trade represents a 6.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Hoxie-Key sold 30,648 shares of enCore Energy stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $0.94, for a total value of $28,809.12. Following the completion of the transaction, the director owned 60,918 shares of the company’s stock, valued at $57,262.92. This trade represents a 33.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 310,000 shares of company stock worth $262,100. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EU. Sanctuary Advisors LLC increased its position in enCore Energy by 37.7% in the 1st quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company’s stock valued at $43,000 after acquiring an additional 6,608 shares during the period. Royal Bank of Canada boosted its position in 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 acquiring an additional 19,269 shares during the period. J. Derek Lewis & Associates Inc. boosted its position 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 worth $95,000 after acquiring an additional 24,000 shares during the period. Rathbones Group PLC acquired a new position in enCore Energy during the 1st quarter worth $63,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of 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 in the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Corp. is a U.S. uranium company focused on producing uranium for the nuclear fuel industry. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits to recover the uranium without conventional open-pit or underground mining. Its portfolio includes the Rosita and Alta Mesa projects in South Texas, as well as uranium assets in other parts of the United States. The company has developed processing facilities and wellfields to support ISR production, and its product is uranium concentrate used in the nuclear fuel cycle. enCore’s focus on domestic uranium resources reflects its aim to supply U.S. utilities and other customers.