enCore Energy Shares Surge 6.64% as Oilfield Sector Gains Momentum on Higher Rig Utilization

enCore Energy shares surged 6.64% in pre-market trading on Nov. 17, 2025, marking a significant reversal from recent underperformance as investors reacted to renewed interest in the oilfield services sector. The sharp pre-market move suggests position rebuilding by institutional buyers following a multi-week consolidation phase.

Recent regulatory filings highlighted improved operational efficiency metrics at key U.S. shale basins, with third-party data showing 18% higher rig utilization rates in November compared to October. Analysts noted the stock's 20-day moving average crossover on Friday's volume spike could signal a short-term trend reversal, particularly with crude prices stabilizing above $83/bbl.