NexGen Energy Sees Unusually Large Options Volume (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 18,911 call options on the stock. This represents an increase of approximately 92% compared to the typical volume of 9,828 call options.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded down $0.09 during midday trading on Thursday, hitting $6.31. The company had a trading volume of 5,661,181 shares, compared to its average volume of 7,212,513. The business's 50 day simple moving average is $5.21 and its two-hundred day simple moving average is $6.11. The stock has a market cap of $3.60 billion, a PE ratio of 42.10 and a beta of 1.54. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, sell-side analysts expect that NexGen Energy will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Strong Buy".

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of NexGen Energy by 13.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company's stock valued at $3,166,000 after buying an additional 81,167 shares during the last quarter. Caxton Associates LLP bought a new position in shares of NexGen Energy in the first quarter valued at about $165,000. Goldman Sachs Group Inc. raised its holdings in shares of NexGen Energy by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company's stock valued at $13,412,000 after buying an additional 36,510 shares during the last quarter. PenderFund Capital Management Ltd. raised its holdings in shares of NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock valued at $52,000 after buying an additional 3,600 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of NexGen Energy by 7.3% in the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company's stock valued at $680,000 after buying an additional 10,266 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.