Uranium Energy (NYSEAMERICAN:UEC) Announces Quarterly Earnings Results

Uranium Energy (NYSEAMERICAN:UEC) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.03) EPS for the quarter, reports. Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC remained flat at $6.37 on Friday. 7,777,536 shares of the company’s stock were exchanged, compared to its average volume of 7,342,279. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -212.33 and a beta of 1.84. The firm has a fifty day moving average price of $6.44. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.34.

Analysts Set New Price Targets

UEC has been the topic of a number of recent research reports. Roth Mkm increased their price target on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday. HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy has an average rating of “Moderate Buy” and a consensus target price of $10.31.

Insiders Place Their Bets

In other news, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the acquisition, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Trading of Uranium Energy

A number of large investors have recently bought and sold shares of the business. MMCAP International Inc. SPC increased its stake in Uranium Energy by 17.0% in the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after buying an additional 4,306,240 shares during the last quarter. Fourth Sail Capital LP acquired a new position in Uranium Energy during the first quarter valued at approximately $12,695,000. Rokos Capital Management LLP acquired a new position in Uranium Energy during the first quarter valued at approximately $10,396,000. American Century Companies Inc. grew its stake in Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Uranium Energy by 64.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock worth $16,741,000 after purchasing an additional 1,095,268 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

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.