enCore Energy Corp. (NASDAQ:EU) Stock Has Average Target Price of $2.90 According to Analysts

enCore Energy Corp. (NASDAQ:EU) has received an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.90.

A number of brokerages recently issued reports on EU. Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 26th. HC Wainwright cut their price objective on enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a report on Friday, August 14th. Jefferies Financial Group began coverage on enCore Energy in a report on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price for the company. Finally, Zacks Research lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th.

Insider Buying and Selling

In other enCore Energy news, Chairman William Sheriff acquired 100,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of $0.81 per share, for a total transaction of $81,000.00. Following the purchase, the chairman owned 1,662,169 shares in the company, valued at approximately $1,346,356.89. The trade was a 6.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 310,000 shares of company stock worth $262,100. Insiders own 3.00% of the company’s stock.

Institutional Trading of enCore Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EU. Azarias Capital Management L.P. lifted its position in enCore Energy by 22.6% during the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after purchasing an additional 934,857 shares during the period. Goehring & Rozencwajg Associates LLC raised its stake in shares of enCore Energy by 5.3% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,227,255 shares of the company’s stock valued at $3,044,000 after buying an additional 61,919 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of enCore Energy during the 2nd quarter valued at about $2,755,000. Pacer Advisors Inc. acquired a new position in shares of enCore Energy in the 4th quarter valued at about $2,379,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of enCore Energy in the 2nd quarter valued at about $725,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Trading Down 6.1%

Shares of enCore Energy stock opened at $1.08 on Monday. The firm’s 50 day simple moving average is $1.17 and its two-hundred day simple moving average is $1.47. The firm has a market capitalization of $209.82 million, a price-to-earnings ratio of -3.27 and a beta of 2.13. enCore Energy has a 12-month low of $0.77 and a 12-month high of $4.18. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company 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%. Analysts predict that enCore Energy will post -0.41 EPS for the current year.

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.