enCore Energy (NASDAQ:EU) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of enCore Energy (NASDAQ:EU) to a strong-buy rating in a research report released on Thursday morning, Marketbeat reports.

Several other equities research analysts have also recently issued reports on EU. HC Wainwright decreased their price objective on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Northland Securities set a $3.75 target price on enCore Energy in a research report on Monday, May 18th. Finally, Weiss Ratings raised enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, enCore Energy has a consensus rating of “Moderate Buy” and an average price target of $2.90.

enCore Energy Trading Up 3.3%

NASDAQ:EU opened at $1.26 on Thursday. The firm has a market cap of $244.79 million, a PE ratio of -3.82 and a beta of 2.13. The stock has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.63. enCore Energy has a 12-month low of $1.03 and a 12-month high of $4.18. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.11). enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%.The company had revenue of $15.70 million for the quarter. Sell-side analysts anticipate that enCore Energy will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other enCore Energy news, Director Wayne Heili acquired 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $1.44 per share, with a total value of $50,400.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at approximately $50,400. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark Pelizza acquired 99,182 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $1.37 per share, with a total value of $135,879.34. Following the transaction, the director directly owned 237,515 shares of the company’s stock, valued at $325,395.55. This represents a 71.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 184,905 shares of company stock valued at $251,284 over the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Trading of enCore Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new position in enCore Energy in the 4th quarter worth approximately $2,379,000. Azarias Capital Management L.P. boosted its holdings in enCore Energy by 22.6% during the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock worth $9,122,000 after buying an additional 934,857 shares in the last quarter. GeoSphere Capital Management LLC raised its position in shares of enCore Energy by 333.3% during 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 during the period. Krilogy Financial LLC acquired a new stake in enCore Energy during the 1st quarter worth about $36,000. Finally, Brookstone Capital Management purchased a new stake in shares of enCore Energy in the 1st quarter valued at approximately $26,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.