enCore Energy (NASDAQ:EU) Posts Earnings Results, Misses Estimates By $0.11 EPS

enCore Energy (NASDAQ:EU) announced its quarterly earnings data on Thursday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11), FiscalAI reports. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The company had revenue of $15.70 million for the quarter.

enCore Energy Price Performance

Shares of enCore Energy stock traded down $0.21 during midday trading on Thursday, hitting $1.17. 7,515,794 shares of the company were exchanged, compared to its average volume of 3,129,777. The firm has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. The firm has a market cap of $226.34 million, a P/E ratio of -7.77 and a beta of 2.10. enCore Energy has a 52 week low of $1.03 and a 52 week high of $4.18.

Analyst Upgrades and Downgrades

EU has been the topic of several research reports. Weiss Ratings upgraded enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Northland Securities set a $3.75 price objective on enCore Energy in a report on Monday, May 18th. Zacks Research cut enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. HC Wainwright cut their target price on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, enCore Energy presently has an average rating of “Hold” and a consensus price target of $3.75.

Insider Buying and Selling

In other news, CEO Richard H. Little bought 50,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $1.28 per share, with a total value of $64,000.00. Following the acquisition, the chief executive officer owned 50,000 shares in the company, valued at $64,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman William M. Sheriff bought 25,000 shares of the stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $1.47 per share, for a total transaction of $36,750.00. Following the acquisition, the chairman owned 25,000 shares in the company, valued at $36,750. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 259,905 shares of company stock valued at $362,534. 3.00% of the stock is currently owned by insiders.

Institutional Trading of enCore Energy

Several large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in enCore Energy during the 3rd quarter worth approximately $4,590,000. Two Sigma Investments LP bought a new position in enCore Energy in the 3rd quarter valued at $3,804,000. GeoSphere Capital Management LLC boosted its stake in enCore Energy by 333.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after purchasing an additional 1,000,000 shares in the last quarter. Pacer Advisors Inc. acquired a new position in enCore Energy in the fourth quarter worth $2,379,000. Finally, Marshall Wace LLP grew its holdings in shares of enCore Energy by 293.9% during the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock worth $3,610,000 after purchasing an additional 941,691 shares during the last quarter. 20.86% of the stock is owned by institutional investors.

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.