HC Wainwright Cuts enCore Energy (NASDAQ:EU) Price Target to $3.50

enCore Energy (NASDAQ:EU) had its target price lowered by investment analysts at HC Wainwright from $3.75 to $3.50 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 207.02% from the company’s current price.

Several other research firms also recently commented on EU. Weiss Ratings raised shares of enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Northland Securities set a $3.75 target price on enCore Energy in a research report on Monday, May 18th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research cut enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.62.

enCore Energy Stock Down 17.4%

NASDAQ EU opened at $1.14 on Friday. enCore Energy has a 12 month low of $1.03 and a 12 month high of $4.18. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $221.48 million, a PE ratio of -7.60 and a beta of 2.10. The stock’s 50 day moving average is $1.30 and its 200 day moving average is $1.82.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The company had revenue of $15.70 million for the quarter. Research analysts predict that enCore Energy will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at enCore Energy

In related news, Director Mark S. Pelizza bought 99,182 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $1.37 per share, with a total value of $135,879.34. Following the transaction, the director owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard H. Little acquired 50,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $1.28 per share, with a total value of $64,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $64,000. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 259,905 shares of company stock valued at $362,534 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of enCore Energy

Institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in shares of enCore Energy during the third quarter valued at approximately $4,590,000. Two Sigma Investments LP bought a new position in shares of enCore Energy in the third quarter worth about $3,804,000. GeoSphere Capital Management LLC lifted its holdings in enCore Energy by 333.3% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after buying an additional 1,000,000 shares in the last quarter. Pacer Advisors Inc. bought a new position in enCore Energy in the 4th quarter worth about $2,379,000. Finally, Marshall Wace LLP increased its position in shares of enCore Energy by 293.9% during the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock worth $3,610,000 after acquiring an additional 941,691 shares during the period. 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.