NexGen Energy Target of Unusually High Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) saw unusually large options trading on Wednesday. Stock traders purchased 42,539 put options on the stock. This is an increase of approximately 591% compared to the average daily volume of 6,159 put options.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in shares of NexGen Energy during the third quarter valued at $28,000. Canada Pension Plan Investment Board purchased a new stake in shares of NexGen Energy during the first quarter valued at $35,000. Advisor Group Holdings Inc. lifted its holdings in shares of NexGen Energy by 56.3% during the first quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company’s stock valued at $42,000 after purchasing an additional 2,700 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of NexGen Energy during the first quarter valued at $59,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of NexGen Energy during the fourth quarter valued at $63,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank started coverage on NexGen Energy in a report on Monday, April 1st. They issued a “sector outperform” rating for the company.

NexGen Energy Trading Down 0.3 %

Shares of NexGen Energy stock opened at $7.65 on Friday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 382.69 and a beta of 1.90. The business has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $6.96. NexGen Energy has a fifty-two week low of $3.49 and a fifty-two week high of $8.88.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, equities analysts forecast that NexGen Energy will post -0.1 EPS for the current fiscal year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.