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

StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG) in a report issued on Wednesday morning. The brokerage issued a sell rating on the energy company’s stock.

U.S. Energy Trading Down 9.4 %

USEG stock opened at $1.35 on Wednesday. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $1.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $0.98 and a 200-day simple moving average of $1.07.

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

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.