U.S. Energy (NASDAQ:USEG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG) in a research note published on Wednesday. The brokerage issued a hold rating on the energy company’s stock.

Separately, D. Boral Capital reiterated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a research note on Friday, January 24th.

U.S. Energy Trading Down 3.4 %

USEG stock opened at $1.96 on Wednesday. The firm has a 50 day moving average price of $1.99 and a 200-day moving average price of $1.50. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40.

Institutional Trading of U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Geode Capital Management LLC lifted its position in shares of U.S. Energy Corp. (NASDAQ:USEG) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,528 shares of the energy company’s stock after acquiring an additional 23,756 shares during the period. Geode Capital Management LLC owned approximately 0.32% of U.S. Energy worth $182,000 as of its most recent filing with the Securities & Exchange Commission. 3.00% of the stock is owned by institutional investors.

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.