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

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

U.S. Energy Stock Down 1.5 %

Shares of NASDAQ:USEG opened at $0.92 on Thursday. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $1.67. The company has a market capitalization of $23.26 million, a PE ratio of -0.57 and a beta of 0.45. The business has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.50 and a quick ratio of 0.50.

U.S. Energy (NASDAQ:USEG) last released its earnings results on Wednesday, August 7th. The energy company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $6.05 million during the quarter. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%.

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 position in shares of U.S. Energy Corp. (NASDAQ:USEG) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the period. Verity Asset Management Inc. owned approximately 0.37% of U.S. Energy worth $95,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.00% of the company’s stock.

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.