Investors Buy High Volume of NexGen Energy Call Options (NYSE:NXE)

NexGen Energy (NYSE:NXE) saw unusually large options trading on Thursday. Stock investors acquired 21,286 call options on the stock. This is an increase of 23% compared to the typical daily volume of 17,295 call options.

Institutional Investors Weigh In On NexGen Energy

A number of institutional investors have recently made changes to their positions in NXE. Versant Capital Management Inc raised its holdings in NexGen Energy by 287,500.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after acquiring an additional 2,875 shares during the last quarter. CWM LLC bought a new stake in shares of NexGen Energy in the 3rd quarter worth $41,000. Compound Planning Inc. bought a new stake in shares of NexGen Energy in the 1st quarter worth $46,000. PenderFund Capital Management Ltd. raised its stake in shares of NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock worth $52,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of NexGen Energy during the second quarter valued at $57,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $8.50 on Friday. The business has a fifty day moving average price of $8.75 and a 200-day moving average price of $7.82. The company has a market capitalization of $5.56 billion, a PE ratio of -20.73 and a beta of 1.54. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.99.

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

Analysts Set New Price Targets

NXE has been the subject of several recent research reports. Zacks Research raised NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate 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.