enCore Energy (NASDAQ:EU) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

enCore Energy (NASDAQ:EU) released its earnings results on Thursday. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05), FiscalAI reports. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. The firm had revenue of $16.69 million for the quarter.

enCore Energy Stock Performance

Shares of EU traded down $0.04 during trading hours on Thursday, reaching $0.54. 3,758,980 shares of the company traded hands, compared to its average volume of 3,645,677. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00. The stock’s fifty day moving average is $0.94 and its 200 day moving average is $1.56. enCore Energy has a 1-year low of $0.53 and a 1-year high of $3.67. The stock has a market cap of $105.47 million, a P/E ratio of -1.63 and a beta of 2.29.

Insider Activity

In other enCore Energy news, Director Susan Hoxie-Key sold 30,648 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $0.94, for a total value of $28,809.12. Following the completion of the sale, the director owned 60,918 shares in the company, valued at approximately $57,262.92. This trade represents a 33.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William M. Sheriff acquired 100,000 shares of enCore Energy stock in a transaction on Monday, September 14th. The stock was purchased at an average price of $0.84 per share, with a total value of $84,000.00. Following the transaction, the chairman directly owned 1,512,169 shares in the company, valued at approximately $1,270,221.96. This trade represents a 7.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 310,000 shares of company stock worth $262,100 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

EU has been the subject of several research analyst reports. Zacks Research raised enCore Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. 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 report on Friday, August 14th. Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Jefferies Financial Group initiated coverage on enCore Energy in a report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company. Finally, B. Riley Financial reissued a “buy” rating on shares of enCore Energy in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2.90.

enCore Energy Company Profile

enCore Energy Corp. is a U.S. uranium company focused on producing uranium for the nuclear fuel industry. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits to recover the uranium without conventional open-pit or underground mining. Its portfolio includes the Rosita and Alta Mesa projects in South Texas, as well as uranium assets in other parts of the United States. The company has developed processing facilities and wellfields to support ISR production, and its product is uranium concentrate used in the nuclear fuel cycle. enCore’s focus on domestic uranium resources reflects its aim to supply U.S. utilities and other customers.