enCore Energy (NASDAQ:EU) Upgraded at Zacks Research

Zacks Research upgraded shares of enCore Energy (NASDAQ:EU) from a strong sell rating to a hold rating in a research report released on Monday,Zacks reports.

A number of other research firms also recently weighed in on EU. Jefferies Financial Group started coverage on shares of enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company. HC Wainwright cut their price target on shares of 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 shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Finally, Wall Street Zen lowered shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.90.

enCore Energy Stock Down 5.3%

Shares of enCore Energy stock opened at $1.08 on Monday. The business has a 50-day moving average of $1.16 and a 200-day moving average of $1.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The company has a market capitalization of $209.82 million, a PE ratio of -3.27 and a beta of 2.16. enCore Energy has a 1-year low of $0.77 and a 1-year high of $4.18.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS 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 business had revenue of $15.70 million during the quarter. As a group, equities analysts forecast that enCore Energy will post -0.41 EPS for the current fiscal year.

Insider Activity

In other news, Chairman William Sheriff acquired 100,000 shares of enCore Energy stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average cost of $0.81 per share, for a total transaction of $81,000.00. Following the completion of the purchase, the chairman directly owned 1,662,169 shares of the company’s stock, valued at $1,346,356.89. This trade represents a 6.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 310,000 shares of company stock worth $262,100. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of enCore Energy

Several institutional investors have recently added to or reduced their stakes in EU. Tidal Investments LLC acquired a new position in shares of enCore Energy in the 2nd quarter valued at about $2,755,000. Bank of New York Mellon Corp acquired a new stake in enCore Energy during the second quarter worth about $725,000. Hennion & Walsh Asset Management Inc. raised its stake in enCore Energy by 90.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 236,373 shares of the company’s stock worth $310,000 after acquiring an additional 112,130 shares during the period. Rathbones Group PLC acquired a new stake in enCore Energy during the first quarter worth about $63,000. Finally, J. Derek Lewis & Associates Inc. lifted its holdings in enCore Energy by 82.8% in the first quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company’s stock worth $95,000 after acquiring an additional 24,000 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.