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

enCore Energy (NASDAQ:EU) issued its earnings results 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 firm had revenue of $15.70 million during the quarter.

enCore Energy Price Performance

Shares of enCore Energy stock traded up $0.07 during trading hours on Friday, reaching $1.21. The stock had a trading volume of 1,434,581 shares, compared to its average volume of 3,140,669. The stock’s 50 day moving average is $1.30 and its 200 day moving average is $1.82. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. enCore Energy has a twelve month low of $1.03 and a twelve month high of $4.18. The firm has a market capitalization of $234.11 million, a PE ratio of -8.03 and a beta of 2.10.

Analysts Set New Price Targets

EU has been the topic of several recent research reports. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings raised enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Northland Securities set a $3.75 price objective on enCore Energy in a research note on Monday, May 18th. Finally, HC Wainwright lowered their target price on enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.62.

Insiders Place Their Bets

In related news, Director Wayne W. Heili purchased 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 purchase, the director owned 35,000 shares of the company’s stock, valued at $50,400. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard H. Little acquired 50,000 shares of enCore Energy stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $1.28 per share, with a total value of $64,000.00. Following the completion of the transaction, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $64,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 259,905 shares of company stock worth $362,534 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On enCore Energy

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of enCore Energy by 5.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock valued at $34,846,000 after buying an additional 582,974 shares during the last quarter. Azarias Capital Management L.P. increased its holdings in shares of enCore Energy by 22.6% in the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after purchasing an additional 934,857 shares during the last quarter. Vident Advisory LLC lifted its position in enCore Energy by 3.8% during the third quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock worth $10,629,000 after buying an additional 121,152 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in enCore Energy by 19.3% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock worth $2,637,000 after buying an additional 237,469 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in enCore Energy in the 3rd quarter valued at $4,590,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.