U.S. Energy (NASDAQ:USEG) Given Buy Rating at D. Boral Capital

U.S. Energy (NASDAQ:USEG)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $3.50 price target on the energy company’s stock. D. Boral Capital’s price objective would indicate a potential upside of 159.26% from the stock’s previous close.

Separately, StockNews.com raised U.S. Energy from a “sell” rating to a “hold” rating in a research report on Thursday.

U.S. Energy Trading Down 5.6 %

Shares of USEG traded down $0.08 during midday trading on Thursday, reaching $1.35. The stock had a trading volume of 195,334 shares, compared to its average volume of 1,045,211. The firm has a market cap of $47.47 million, a PE ratio of -1.02 and a beta of 0.69. The firm has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $1.61. U.S. Energy has a one year low of $0.81 and a one year high of $6.40.

Hedge Funds Weigh In On U.S. Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC acquired a new stake in shares of U.S. Energy during the 4th quarter worth about $73,000. Renaissance Technologies LLC raised its holdings in U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares during the period. Finally, Geode Capital Management LLC lifted its position in U.S. Energy by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after acquiring an additional 23,756 shares during the last quarter. 3.00% of the stock is owned by institutional investors.

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.