U.S. Energy (NASDAQ:USEG) Downgraded by StockNews.com to Sell

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

Separately, D. Boral Capital reiterated 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 Price Performance

USEG stock opened at $1.52 on Wednesday. The company has a fifty day moving average price of $2.06 and a 200 day moving average price of $1.59. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $6.40. The company has a market cap of $53.45 million, a price-to-earnings ratio of -1.15 and a beta of 0.69.

Institutional Trading of U.S. Energy

Several institutional investors and hedge funds have recently bought and sold shares of USEG. Scissortail Wealth Management LLC acquired a new position in U.S. Energy in the 4th quarter valued at $73,000. Renaissance Technologies LLC increased its stake in U.S. Energy by 24.6% in the 4th 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 period. Finally, Geode Capital Management LLC increased its stake 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 valued at $182,000 after buying an additional 23,756 shares during the period. Hedge funds and other institutional investors own 3.00% of the company’s stock.

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.