enCore Energy (NASDAQ:EU) Issues Earnings Results

Key Points

• enCore reported a loss of ($0.09) EPS for the quarter and showed weak profitability metrics, with a -19.83% return on equity and a -118.78% net margin.
• The stock opened at $1.90 (1‑year range $1.01–$4.19) with a market cap of $369M, and analysts have a consensus "Moderate Buy" rating with a $3.83 target price.
• An insider, William M. Sheriff, sold 10,000 shares on Jan. 7—reducing his holding by 77.66%—while insiders own 3.90% and institutions own 20.86% of the company.

enCore Energy (NASDAQ:EU - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.

enCore Energy Stock Performance

EU stock opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. enCore Energy has a 1 year low of $1.01 and a 1 year high of $4.19. The company has a market cap of $369.02 million, a P/E ratio of -6.79 and a beta of 2.41. The stock's fifty day moving average price is $2.42 and its 200-day moving average price is $2.71.

Insider Buying and Selling

In other enCore Energy news, insider William M. Sheriff sold 10,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $2.81, for a total value of $28,100.00. Following the transaction, the insider owned 2,876 shares of the company's stock, valued at approximately $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On enCore Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. lifted its stake in shares of enCore Energy by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company's stock worth $57,000 after purchasing an additional 4,000 shares during the period. Intech Investment Management LLC increased its holdings in enCore Energy by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 68,650 shares of the company's stock valued at $170,000 after buying an additional 4,219 shares during the last quarter. Franklin Resources Inc. raised its position in enCore Energy by 24.6% in the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company's stock worth $69,000 after acquiring an additional 4,252 shares during the period. Caitong International Asset Management Co. Ltd raised its position in enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company's stock worth $26,000 after acquiring an additional 5,356 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of enCore Energy by 88.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company's stock worth $46,000 after acquiring an additional 7,540 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company's stock.

Analyst Ratings Changes

EU has been the subject of several research analyst reports. Northland Securities initiated coverage on enCore Energy in a report on Tuesday, January 6th. They issued an "outperform" rating and a $3.50 price objective for the company. Weiss Ratings restated a "sell (d-)" rating on shares of enCore Energy in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, enCore Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.83.

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.

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