U.S. Energy (NASDAQ:USEG) Upgraded at StockNews.com

StockNews.com upgraded shares of U.S. Energy (NASDAQ:USEG) from a sell rating to a hold rating in a report published on Thursday.

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

U.S. Energy Stock Performance

USEG opened at $1.36 on Thursday. The firm has a market cap of $47.82 million, a P/E ratio of -1.03 and a beta of 0.69. The firm has a 50-day moving average of $2.03 and a 200 day moving average of $1.61. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $6.40.

Institutional Investors Weigh In On U.S. Energy

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