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

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 42,539 put options on the stock. This represents an increase of approximately 591% compared to the typical daily volume of 6,159 put options.

Hedge Funds Weigh In On NexGen Energy

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of NexGen Energy during the third quarter worth approximately $28,000. Canada Pension Plan Investment Board acquired a new stake in NexGen Energy during the first quarter worth approximately $35,000. Advisor Group Holdings Inc. grew its position in NexGen Energy by 56.3% during the first quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company’s stock worth $42,000 after buying an additional 2,700 shares in the last quarter. Toroso Investments LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $48,000. Finally, LPL Financial LLC acquired a new stake in NexGen Energy during the second quarter worth approximately $49,000. Institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank initiated coverage on NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating on the stock.

NexGen Energy Price Performance

NYSE:NXE opened at $7.65 on Friday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $7.62 and its two-hundred day moving average price is $6.96. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 382.69 and a beta of 1.90. NexGen Energy has a 12-month low of $3.49 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, analysts anticipate that NexGen Energy will post -0.1 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.