U.S. Energy Corp. (NASDAQ:USEG – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.10 and traded as high as $1.59. U.S. Energy shares last traded at $1.55, with a volume of 121,155 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of U.S. Energy in a research note on Saturday. They issued a “sell” rating for the company.
View Our Latest Report on USEG
U.S. Energy Stock Down 0.6 %
U.S. Energy (NASDAQ:USEG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $6.05 million during the quarter. U.S. Energy had a negative return on equity of 74.13% and a negative net margin of 145.83%.
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.
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