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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the target of unusually large options trading activity on Monday. Traders bought 40,170 put options on the stock. This represents an increase of 256% compared to the typical volume of 11,273 put options.

NexGen Energy Stock Up 0.9 %

Shares of NYSE NXE traded up $0.04 during midday trading on Wednesday, reaching $4.63. 7,333,235 shares of the stock were exchanged, compared to its average volume of 6,598,030. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 30.87 and a beta of 1.97. The firm has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $6.71. NexGen Energy has a twelve month low of $4.30 and a twelve month high of $8.96.

Institutional Trading of NexGen Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXE. Azarias Capital Management L.P. boosted its stake in shares of NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after acquiring an additional 271,153 shares in the last quarter. Mountaineer Partners Management LLC boosted its position in NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after purchasing an additional 3,107,214 shares in the last quarter. Toronto Dominion Bank boosted its position in NexGen Energy by 719.6% during the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company's stock worth $1,176,000 after purchasing an additional 158,160 shares in the last quarter. Barclays PLC grew its holdings in NexGen Energy by 328.3% in the third quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after purchasing an additional 143,996 shares during the period. Finally, Segra Capital Management LLC increased its position in shares of NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after buying an additional 1,931,200 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NXE shares. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

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.