U.S. Energy (NASDAQ:USEG) Stock Rating Lowered by StockNews.com

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

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

U.S. Energy Trading Down 2.8 %

Shares of USEG opened at $1.37 on Friday. The business’s fifty day simple moving average is $1.99 and its two-hundred day simple moving average is $1.64. 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 $46.33 million, a price-to-earnings ratio of -1.04 and a beta of 0.69.

Hedge Funds Weigh In On U.S. Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Scissortail Wealth Management LLC purchased a new position in shares of U.S. Energy in the 4th quarter worth $73,000. Renaissance Technologies LLC boosted its stake in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after buying an additional 12,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 during the last quarter. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

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.