StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

Posted by Donald Scott on May 23rd, 2024

StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG – Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the energy company’s stock.

U.S. Energy Trading Down 1.8 %

NASDAQ:USEG opened at $1.12 on Friday. U.S. Energy has a 1-year low of $0.83 and a 1-year high of $1.76. The business’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.11. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $28.32 million, a price-to-earnings ratio of -0.70 and a beta of 0.55.

U.S. Energy (NASDAQ:USEG – Get Free Report) last released its earnings results on Thursday, May 9th. The energy company reported ($0.17) earnings per share for the quarter. U.S. Energy had a negative net margin of 138.09% and a negative return on equity of 62.97%. The company had revenue of $5.39 million during the quarter.

Institutional Investors Weigh In On U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Verity Asset Management Inc. increased its position in shares of U.S. Energy Corp. (NASDAQ:USEG – Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,494 shares of the energy company’s stock after buying an additional 17,772 shares during the quarter. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.