U.S. Energy (NASDAQ:USEG) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of U.S. Energy Corp. (NASDAQ:USEG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.57 and traded as high as $1.70. U.S. Energy shares last traded at $1.60, with a volume of 319,768 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USEG. StockNews.com initiated coverage on U.S. Energy in a research report on Wednesday, February 12th. They set a “hold” rating for the company. D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research report on Friday, January 24th.

U.S. Energy Stock Up 1.6 %

The firm’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $1.57. The firm has a market capitalization of $57.14 million, a PE ratio of -1.23 and a beta of 0.71.

Hedge Funds Weigh In On U.S. Energy

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

About U.S. Energy

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.