U.S. Energy (NASDAQ:USEG) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of U.S. Energy Corp. (NASDAQ:USEG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.54 and traded as high as $2.15. U.S. Energy shares last traded at $2.14, with a volume of 780,273 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of U.S. Energy in a research report on Wednesday, February 12th. They set a “hold” rating on the stock. D. Boral Capital reaffirmed a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Friday, January 24th.

U.S. Energy Trading Up 2.9 %

The stock has a market cap of $75.24 million, a P/E ratio of -1.62 and a beta of 0.71. The company’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $1.54.

Institutional Investors Weigh In On U.S. Energy

Several large investors have recently made changes to their positions in USEG. Geode Capital Management LLC grew its holdings in shares of U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after purchasing an additional 23,756 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Scissortail Wealth Management LLC bought a new stake in shares of U.S. Energy in the 4th quarter worth about $73,000. 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.