Uranium Energy (NYSEAMERICAN:UEC) Issues Earnings Results

Uranium Energy (NYSEAMERICAN:UEC) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.03) earnings per share 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 Price Performance

UEC stock remained flat at $6.37 during midday trading on Friday. The company had a trading volume of 7,777,536 shares, compared to its average volume of 7,342,279. The stock has a market capitalization of $2.60 billion, a PE ratio of -212.33 and a beta of 1.84. Uranium Energy has a fifty-two week low of $4.06 and a fifty-two week high of $8.34. The stock has a fifty day moving average price of $6.44.

Insider Buying and Selling at Uranium Energy

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

Hedge funds have recently added to or reduced their stakes in the stock. MMCAP International Inc. SPC grew its holdings in Uranium Energy by 17.0% during the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after acquiring an additional 4,306,240 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after buying an additional 538,703 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after purchasing an additional 90,522 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Uranium Energy by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after buying an additional 947,773 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Uranium Energy by 33.8% during the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after acquiring an additional 886,445 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm raised their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.31.

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.