NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy (NYSE:NXE) was the recipient of unusually large options trading on Tuesday. Investors purchased 20,901 call options on the stock. This represents an increase of 97% compared to the average volume of 10,597 call options.

Wall Street Analysts Forecast Growth

NXE has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, UBS Group initiated coverage on NexGen Energy in a research note on Thursday, March 5th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NexGen Energy currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On NexGen Energy

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of NexGen Energy by 287,500.0% during the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after acquiring an additional 2,875 shares during the period. Leonteq Securities AG lifted its stake in shares of NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after acquiring an additional 1,098 shares during the period. CWM LLC acquired a new position in shares of NexGen Energy during the third quarter valued at $41,000. SBI Securities Co. Ltd. lifted its stake in shares of NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after acquiring an additional 6,528 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in NexGen Energy in the second quarter valued at about $76,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NexGen Energy stock traded down $0.47 during trading on Tuesday, hitting $10.51. 2,687,421 shares of the stock traded hands, compared to its average volume of 7,889,646. The stock has a market cap of $6.94 billion, a P/E ratio of -21.46 and a beta of 1.39. NexGen Energy has a twelve month low of $5.30 and a twelve month high of $13.96. The company has a fifty day moving average price of $11.97 and a two-hundred day moving average price of $10.94.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, equities research analysts expect that NexGen Energy will post -0.2 EPS for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.