enCore Energy (NASDAQ:EU) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of enCore Energy (NASDAQ:EU) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other research firms have also recently commented on EU. HC Wainwright lowered their price target on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, enCore Energy presently has an average rating of “Moderate Buy” and an average target price of $3.75.

enCore Energy Trading Down 6.2%

Shares of EU stock opened at $1.52 on Friday. The firm has a 50-day moving average price of $1.88 and a 200 day moving average price of $2.45. enCore Energy has a twelve month low of $1.51 and a twelve month high of $4.19. The company has a market capitalization of $295.21 million, a price-to-earnings ratio of -10.13 and a beta of 2.18. The company has a current ratio of 8.03, a quick ratio of 7.64 and a debt-to-equity ratio of 0.43.

enCore Energy (NASDAQ:EU) last announced its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 22.06%. The firm had revenue of $18.30 million during the quarter, compared to analyst estimates of $9.30 million. Research analysts forecast that enCore Energy will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EU. NewEdge Advisors LLC grew its holdings in enCore Energy by 13.2% in the 1st quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock valued at $403,000 after buying an additional 34,250 shares during the period. Creative Planning grew its holdings in shares of enCore Energy by 66.1% during the 2nd quarter. Creative Planning now owns 24,162 shares of the company’s stock worth $69,000 after purchasing an additional 9,612 shares during the period. Prudential Financial Inc. grew its holdings in shares of enCore Energy by 68.9% during the 2nd quarter. Prudential Financial Inc. now owns 20,550 shares of the company’s stock worth $59,000 after purchasing an additional 8,380 shares during the period. Marshall Wace LLP grew its holdings in shares of enCore Energy by 293.9% during the 2nd quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock worth $3,610,000 after purchasing an additional 941,691 shares during the period. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of enCore Energy during the 2nd quarter worth about $87,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.