enCore Energy (NASDAQ:EU) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

enCore Energy (NASDAQ:EU) posted its earnings results on Thursday. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05), FiscalAI reports. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. The business had revenue of $16.69 million for the quarter.

enCore Energy Stock Down 1.1%

Shares of EU stock traded down $0.01 on Friday, hitting $0.53. The stock had a trading volume of 1,394,997 shares, compared to its average volume of 3,635,010. 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 business has a 50 day moving average of $0.93 and a 200 day moving average of $1.55. enCore Energy has a 12-month low of $0.53 and a 12-month high of $3.67. The stock has a market cap of $104.29 million, a price-to-earnings ratio of -1.62 and a beta of 2.29.

Analyst Upgrades and Downgrades

EU has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on enCore Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 26th. B. Riley Financial restated a “buy” rating on shares of enCore Energy in a report on Wednesday, October 28th. Zacks Research raised enCore Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.23.

Insider Activity

In other news, Chairman William Sheriff acquired 100,000 shares of enCore Energy stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $0.84 per share, with a total value of $84,000.00. Following the transaction, the chairman owned 1,512,169 shares of the company’s stock, valued at approximately $1,270,221.96. This trade represents a 7.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Hoxie-Key sold 30,648 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $0.94, for a total transaction of $28,809.12. Following the completion of the sale, the director owned 60,918 shares of the company’s stock, valued at approximately $57,262.92. This trade represents a 33.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 310,000 shares of company stock worth $262,100. 3.00% of the stock is owned by corporate insiders.

About enCore Energy

enCore Energy Corp. is a U.S. uranium company focused on producing uranium for the nuclear fuel industry. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits to recover the uranium without conventional open-pit or underground mining. Its portfolio includes the Rosita and Alta Mesa projects in South Texas, as well as uranium assets in other parts of the United States. The company has developed processing facilities and wellfields to support ISR production, and its product is uranium concentrate used in the nuclear fuel cycle. enCore’s focus on domestic uranium resources reflects its aim to supply U.S. utilities and other customers.