Yaupon Capital Management LP Acquires Shares of 1,001,335 enCore Energy Corp. (NASDAQ:EU)

Yaupon Capital Management LP acquired a new position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,001,335 shares of the company's stock, valued at approximately $3,415,000. Yaupon Capital Management LP owned approximately 0.54% of enCore Energy at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EU. JPMorgan Chase & Co. boosted its holdings in shares of enCore Energy by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company's stock worth $328,000 after purchasing an additional 5,067 shares in the last quarter. Legal & General Group Plc boosted its stake in enCore Energy by 17.7% in the fourth quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock worth $120,000 after buying an additional 5,322 shares in the last quarter. NFP Retirement Inc. grew its position in enCore Energy by 27.3% during the fourth quarter. NFP Retirement Inc. now owns 28,000 shares of the company's stock valued at $95,000 after acquiring an additional 6,000 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of enCore Energy by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock worth $383,000 after acquiring an additional 7,532 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of enCore Energy by 10.2% in the 4th quarter. SG Americas Securities LLC now owns 113,517 shares of the company's stock worth $387,000 after acquiring an additional 10,469 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Stock Performance

EU stock traded down $0.01 during trading on Friday, hitting $1.60. 1,567,977 shares of the company traded hands, compared to its average volume of 1,507,126. The company has a 50-day moving average of $1.61 and a 200-day moving average of $2.88. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $5.05. The firm has a market capitalization of $298.70 million, a PE ratio of -5.71 and a beta of 1.27.

enCore Energy (NASDAQ:EU - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $13.36 million during the quarter, compared to analysts' expectations of $14.30 million. Sell-side analysts expect that enCore Energy Corp. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on shares of enCore Energy from $7.00 to $2.75 and set a "buy" rating on the stock in a research report on Tuesday, March 18th.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff bought 40,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the completion of the acquisition, the chairman now directly owns 2,310,055 shares in the company, valued at $2,795,166.55. The trade was a 1.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.