Uranium Energy Sees Unusually Large Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 16,275 call options on the stock. This is an increase of 130% compared to the average daily volume of 7,087 call options.

Uranium Energy Price Performance

NYSEAMERICAN:UEC traded up $0.49 during midday trading on Wednesday, hitting $7.71. The company had a trading volume of 12,806,471 shares, compared to its average volume of 8,331,825. The firm has a market cap of $3.11 billion, a P/E ratio of -770.50 and a beta of 1.83. Uranium Energy has a 52-week low of $2.30 and a 52-week high of $8.34. The stock has a fifty day simple moving average of $6.18.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $0.12 million for the quarter, compared to analysts' expectations of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. On average, sell-side analysts predict that Uranium Energy will post 0.08 earnings per share for the current year.

Insider Activity

In other Uranium Energy news, Director Volpe Vincent Della sold 84,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the transaction, the director now directly owns 186,095 shares in the company, valued at $1,520,396.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director David Kong sold 26,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now directly owns 154,085 shares in the company, valued at approximately $1,049,318.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the transaction, the director now owns 186,095 shares of the company's stock, valued at approximately $1,520,396.15. The disclosure for this sale can be found here. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UEC. Norges Bank bought a new stake in Uranium Energy during the 4th quarter valued at $96,000,000. MMCAP International Inc. SPC raised its stake in shares of Uranium Energy by 59.4% during the third quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company's stock valued at $110,353,000 after acquiring an additional 7,987,736 shares during the last quarter. FMR LLC boosted its holdings in shares of Uranium Energy by 5,187.7% during the third quarter. FMR LLC now owns 7,261,126 shares of the basic materials company's stock worth $37,395,000 after purchasing an additional 7,123,805 shares during the period. Vanguard Group Inc. grew its stake in shares of Uranium Energy by 27.7% in the third quarter. Vanguard Group Inc. now owns 18,690,456 shares of the basic materials company's stock worth $65,417,000 after purchasing an additional 4,049,242 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Uranium Energy by 13.6% during the first quarter. State Street Corp now owns 30,815,436 shares of the basic materials company's stock valued at $141,443,000 after buying an additional 3,683,446 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UEC. Eight Capital lifted their price target on Uranium Energy from $7.00 to $13.00 and gave the company a "buy" rating in a research report on Monday, January 15th. TD Securities upped their price target on Uranium Energy from $7.00 to $8.50 and gave the company a "speculative buy" rating in a research report on Tuesday, December 12th. Finally, HC Wainwright raised their price objective on shares of Uranium Energy from $8.25 to $9.75 and gave the company a "buy" rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, Uranium Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.80.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.