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

NexGen Energy (NYSE:NXE) saw some unusual options trading activity on Friday. Investors bought 38,697 call options on the company. This is an increase of 98% compared to the average volume of 19,495 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Wednesday. Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NexGen Energy has an average rating of “Moderate Buy”.

NexGen Energy Trading Up 1.5%

Shares of NYSE:NXE traded up $0.18 during trading on Friday, hitting $11.90. 4,442,783 shares of the stock were exchanged, compared to its average volume of 7,686,641. The company has a market cap of $7.85 billion, a PE ratio of -29.01 and a beta of 1.43. The company has a fifty day moving average price of $9.24 and a two-hundred day moving average price of $8.30. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $12.19.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Equities research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NexGen Energy

A number of institutional investors have recently made changes to their positions in NXE. Versant Capital Management Inc grew its position in 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. CWM LLC acquired a new position in shares of NexGen Energy in the 3rd quarter valued at about $41,000. Canton Hathaway LLC purchased a new stake in shares of NexGen Energy during the 2nd quarter worth about $57,000. Olympiad Research LP acquired a new stake in NexGen Energy during the 2nd quarter worth approximately $73,000. Finally, Flow Traders U.S. LLC purchased a new position in NexGen Energy in the second quarter valued at approximately $76,000. 42.43% of the stock is owned by institutional investors and hedge funds.

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.