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

NexGen Energy (NYSE:NXE) saw unusually large options trading activity on Friday. Stock investors bought 38,697 call options on the company. This is an increase of approximately 98% compared to the average daily volume of 19,495 call options.

NexGen Energy Price Performance

NYSE NXE opened at $11.89 on Friday. The business has a 50 day moving average price of $9.31 and a 200 day moving average price of $8.35. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $12.19. The company has a market capitalization of $7.85 billion, a P/E ratio of -29.00 and a beta of 1.43.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). On average, research analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of NexGen Energy by 1.4% in the second quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock worth $893,000 after purchasing an additional 1,772 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of NexGen Energy by 6.9% in the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock worth $194,000 after buying an additional 1,817 shares during the period. Osaic Holdings Inc. raised its position in NexGen Energy by 5.7% during the second quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after buying an additional 1,904 shares during the period. Sava Infond d.o.o. increased its stake in NexGen Energy by 14.3% in the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock valued at $111,000 after buying an additional 2,000 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in NexGen Energy by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after purchasing an additional 2,100 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.