U.S. Energy (NASDAQ:USEG) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of U.S. Energy (NASDAQ:USEG) from a hold rating to a sell rating in a research note released on Friday morning.

Separately, D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a report on Thursday, March 13th.

U.S. Energy Trading Down 2.8 %

Shares of NASDAQ USEG opened at $1.37 on Friday. The company has a market cap of $46.33 million, a price-to-earnings ratio of -1.04 and a beta of 0.69. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $6.40. The stock’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.63.

Institutional Trading of U.S. Energy

Hedge funds have recently added to or reduced their stakes in the business. Scissortail Wealth Management LLC bought a new stake in U.S. Energy during the 4th quarter valued at $73,000. Renaissance Technologies LLC raised its stake in U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after acquiring an additional 23,756 shares in the last quarter. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions.