Uranium Energy (NYSEAMERICAN:UEC) Trading Down 6.5%

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s stock price fell 6.5% on Thursday . The company traded as low as $7.17 and last traded at $7.18. 6,324,407 shares were traded during mid-day trading, a decline of 24% from the average session volume of 8,294,310 shares. The stock had previously closed at $7.68.

Wall Street Analyst Weigh In

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

Uranium Energy Trading Down 5.3 %

The stock has a fifty day moving average of $6.18. The firm has a market cap of $2.94 billion, a P/E ratio of -727.00 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The business had revenue of $0.12 million for the quarter, compared to analyst estimates of $16.00 million. Analysts expect that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director David Kong sold 26,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the transaction, the director now owns 154,085 shares in the company, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director David Kong sold 26,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the transaction, the director now owns 154,085 shares in the company, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Volpe Vincent Della sold 84,000 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the completion of the transaction, the director now owns 186,095 shares in the company, 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UEC. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Uranium Energy during the 4th quarter valued at approximately $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Uranium Energy in the third quarter worth approximately $26,000. Millburn Ridgefield Corp purchased a new position in Uranium Energy in the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Uranium Energy in the third quarter worth approximately $27,000. Finally, CVA Family Office LLC purchased a new position in Uranium Energy in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Uranium Energy

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.