StockNews.com Begins Coverage on U.S. Energy (NASDAQ:USEG)

Equities researchers at StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEGGet Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Stock Performance

Shares of USEG opened at $1.01 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $25.77 million, a P/E ratio of -1.77 and a beta of 0.52. The company’s fifty day moving average is $1.05 and its two-hundred day moving average is $1.25. U.S. Energy has a 1 year low of $0.83 and a 1 year high of $2.69.

U.S. Energy (NASDAQ:USEGGet Free Report) last announced its quarterly earnings data on Monday, November 13th. The energy company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $8.74 million during the quarter. U.S. Energy had a negative net margin of 40.61% and a negative return on equity of 19.41%.

Hedge Funds Weigh In On U.S. Energy

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of U.S. Energy by 1,620.0% during the 1st quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock worth $1,676,000 after purchasing an additional 362,890 shares during the period. Vanguard Group Inc. grew its stake in shares of U.S. Energy by 45.7% during the 1st quarter. Vanguard Group Inc. now owns 212,870 shares of the energy company’s stock worth $926,000 after purchasing an additional 66,764 shares during the period. Virtu Financial LLC acquired a new position in shares of U.S. Energy during the 1st quarter worth $281,000. State Street Corp acquired a new position in shares of U.S. Energy during the 1st quarter worth $148,000. Finally, Millennium Management LLC grew its stake in shares of U.S. Energy by 44.2% during the 2nd quarter. Millennium Management LLC now owns 29,403 shares of the energy company’s stock worth $102,000 after purchasing an additional 9,019 shares during the period. 2.77% of the stock is owned by institutional investors and hedge funds.

About U.S. Energy

(Get Free Report)

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental 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 comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and Gulf Coast regions.

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