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

Equities researchers at StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report issued on Sunday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Price Performance

NASDAQ USEG opened at $0.90 on Friday. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.67. The firm’s 50 day moving average is $1.00 and its 200-day moving average is $1.07. The company has a market capitalization of $25.25 million, a PE ratio of -0.56 and a beta of 0.47. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.19.

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

Hedge Funds Weigh In On U.S. Energy

A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. lifted its position in shares of U.S. Energy Corp. (NASDAQ:USEG) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the period. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 at the end of the most recent quarter. 3.00% of the stock is owned by institutional investors and hedge funds.

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.