U.S. Energy (NASDAQ:USEG) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report sent to investors on Wednesday morning. The firm issued a sell rating on the energy company’s stock.

U.S. Energy Trading Up 3.2 %

Shares of USEG stock opened at $1.29 on Wednesday. The business’s 50 day moving average is $1.10 and its two-hundred day moving average is $1.14. U.S. Energy has a twelve month low of $0.83 and a twelve month high of $1.76. The company has a market capitalization of $32.68 million, a P/E ratio of -1.01 and a beta of 0.53. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

U.S. Energy (NASDAQ:USEG) last posted its quarterly earnings results on Tuesday, March 26th. The energy company reported ($0.78) earnings per share for the quarter. U.S. Energy had a negative net margin of 100.13% and a negative return on equity of 49.00%. The business had revenue of $7.32 million during the quarter.

Institutional Trading of U.S. Energy

Several institutional investors and hedge funds have recently modified their holdings of USEG. Vanguard Group Inc. raised its position in shares of U.S. Energy by 45.7% during the 1st quarter. Vanguard Group Inc. now owns 212,870 shares of the energy company’s stock worth $926,000 after purchasing an additional 66,764 shares during the last quarter. Northern Trust Corp acquired a new position in shares of U.S. Energy during the 1st quarter worth approximately $76,000. Renaissance Technologies LLC raised its position in shares of U.S. Energy by 1,620.0% during the 1st quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock worth $1,676,000 after purchasing an additional 362,890 shares during the last quarter. State Street Corp acquired a new position in shares of U.S. Energy during the 1st quarter worth approximately $148,000. Finally, Captrust Financial Advisors acquired a new position in shares of U.S. Energy during the 1st quarter worth approximately $44,000. 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.