NexGen Energy Sees Unusually Large Options Volume (NYSE:NXE)

NexGen Energy (NYSE:NXE) saw some unusual options trading on Thursday. Stock investors acquired 21,286 call options on the company. This represents an increase of approximately 23% compared to the typical volume of 17,295 call options.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of NexGen Energy by 287,500.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after purchasing an additional 2,875 shares in the last quarter. CWM LLC bought a new stake in shares of NexGen Energy in the 3rd quarter worth approximately $41,000. Compound Planning Inc. bought a new stake in shares of NexGen Energy in the first quarter worth $46,000. PenderFund Capital Management Ltd. lifted its holdings in NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after acquiring an additional 3,600 shares during the period. Finally, Canton Hathaway LLC purchased a new position in NexGen Energy in the second quarter worth about $57,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analyst Ratings Changes

NXE has been the subject of a number of research reports. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NexGen Energy Price Performance

Shares of NYSE:NXE traded up $0.20 on Thursday, reaching $8.40. 4,488,269 shares of the company traded hands, compared to its average volume of 9,252,486. The stock has a market capitalization of $5.50 billion, a PE ratio of -20.50 and a beta of 1.54. The company’s 50 day moving average is $8.76 and its 200-day moving average is $7.81. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.99.

NexGen Energy (NYSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). As a group, analysts expect that NexGen Energy will post -0.05 EPS for the current year.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.