enCore Energy Corp. (NASDAQ:EU – Get Free Report) Chairman William Sheriff bought 50,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $0.89 per share, with a total value of $44,500.00. Following the acquisition, the chairman directly owned 1,562,169 shares of the company’s stock, valued at approximately $1,390,330.41. This represents a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
enCore Energy Trading Up 10.9%
Shares of enCore Energy stock opened at $0.97 on Friday. 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 firm has a 50-day moving average of $1.18 and a 200-day moving average of $1.52. enCore Energy Corp. has a 52-week low of $0.77 and a 52-week high of $4.18. The stock has a market cap of $188.71 million, a PE ratio of -2.94 and a beta of 2.13.
enCore Energy (NASDAQ:EU – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The business had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. As a group, sell-side analysts forecast that enCore Energy Corp. will post -0.41 EPS for the current year.
Hedge Funds Weigh In On enCore Energy
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on EU shares. HC Wainwright dropped their price target 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. Jefferies Financial Group assumed coverage on enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target on the stock. Zacks Research lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.90.
Check Out Our Latest Stock Analysis on enCore Energy
About enCore Energy
enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.
enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.
Read More
- Five stocks we like better than enCore Energy
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for enCore Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for enCore Energy and related companies with MarketBeat.com's FREE daily email newsletter.
