U.S. Energy (NASDAQ:USEG) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of U.S. Energy (NASDAQ:USEG) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, D. Boral Capital restated 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 Stock Up 2.1 %

USEG stock opened at $1.49 on Wednesday. The company has a market cap of $52.39 million, a P/E ratio of -1.13 and a beta of 0.69. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40. The business has a fifty day moving average of $2.06 and a 200-day moving average of $1.59.

Institutional Investors Weigh In On U.S. Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC bought a new stake in U.S. Energy in the fourth quarter valued at about $73,000. Renaissance Technologies LLC increased its holdings in U.S. Energy by 24.6% in 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 increased its holdings in U.S. Energy by 27.1% in 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. 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.