U.S. Energy (NASDAQ:USEG) Upgraded to “Hold” at StockNews.com

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

Separately, D. Boral Capital restated a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Friday, January 24th.

U.S. Energy Stock Performance

U.S. Energy stock opened at $1.26 on Thursday. The stock has a 50-day moving average of $2.05 and a two-hundred day moving average of $1.61. U.S. Energy has a one year low of $0.81 and a one year high of $6.40. The stock has a market cap of $44.31 million, a PE ratio of -0.95 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USEG. Scissortail Wealth Management LLC acquired a new stake in U.S. Energy during the fourth quarter worth about $73,000. Renaissance Technologies LLC grew its holdings in U.S. Energy by 24.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after acquiring an additional 12,400 shares during the period. Finally, Geode Capital Management LLC grew its holdings in U.S. Energy by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares during the period. 3.00% of the stock is currently owned by hedge funds and other 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.