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

by · The Cerbat Gem

NexGen Energy (NYSE:NXE – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors acquired 21,286 call options on the stock. This represents an increase of approximately 23% compared to the typical daily volume of 17,295 call options.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of NexGen Energy by 287,500.0% during the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after buying an additional 2,875 shares during the last quarter. CWM LLC bought a new position in NexGen Energy in the 3rd quarter valued at $41,000. Canton Hathaway LLC bought a new stake in shares of NexGen Energy during the second quarter worth $57,000. Compound Planning Inc. purchased a new stake in shares of NexGen Energy during the first quarter valued at $46,000. Finally, First Trust Advisors LP bought a new position in shares of NexGen Energy in the third quarter worth about $94,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NXE. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, October 10th. Weiss Ratings reiterated 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 research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Read Our Latest Research Report on NexGen Energy

NexGen Energy Trading Up 2.4%

NYSE:NXE traded up $0.20 during midday trading on Thursday, hitting $8.40. 4,488,269 shares of the company traded hands, compared to its average volume of 9,252,486. The firm’s fifty day moving average is $8.76 and its 200-day moving average is $7.81. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $9.99. The firm has a market capitalization of $5.50 billion, a P/E ratio of -20.50 and a beta of 1.54.

NexGen Energy (NYSE:NXE – Get Free Report) last posted 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, research analysts expect that NexGen Energy will post -0.05 EPS for the current fiscal year.

About NexGen Energy

(Get Free Report)

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.

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