Uranium Energy (NYSEAMERICAN:UEC) Posts Earnings Results, Misses Expectations By $0.08 EPS

Uranium Energy (NYSEAMERICAN:UEC) released its earnings results on Tuesday. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08), FiscalAI reports. The company had revenue of $17.05 million for the quarter, compared to analyst estimates of $9.00 million.

Uranium Energy Stock Down 2.1%

Shares of NYSEAMERICAN:UEC opened at $9.21 on Tuesday. The firm has a fifty day moving average of $10.85 and a two-hundred day moving average of $12.15. Uranium Energy has a 12-month low of $8.90 and a 12-month high of $20.34. The firm has a market capitalization of $4.56 billion, a P/E ratio of -76.75 and a beta of 1.23.

Wall Street Analyst Weigh In

UEC has been the topic of several research reports. Jefferies Financial Group started coverage on Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. Finally, HC Wainwright restated a “buy” rating on shares of Uranium Energy in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus price target of $17.04.

Uranium Energy Company Profile

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.