U.S. Energy (NASDAQ:USEG) Receives New Coverage from Analysts at StockNews.com

Posted by Donald Scott on Apr 29th, 2024

StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG – Free Report) in a report issued on Thursday. The firm issued a sell rating on the energy company’s stock.

U.S. Energy Trading Down 0.8 %

U.S. Energy stock opened at $1.17 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $31.67 million, a price-to-earnings ratio of -0.91 and a beta of 0.53. U.S. Energy has a 1 year low of $0.83 and a 1 year high of $1.76. The firm’s 50 day moving average price is $1.12 and its two-hundred day moving average price is $1.14.

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

Hedge Funds Weigh In On U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Verity Asset Management Inc. grew its stake in shares of U.S. Energy Corp. (NASDAQ:USEG – Free Report) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,494 shares of the energy company’s stock after acquiring an additional 17,772 shares during the period. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

(Get Free Report)

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.