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

Stock analysts at StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Trading Down 1.6 %

NASDAQ USEG opened at $1.25 on Wednesday. The firm has a market cap of $31.66 million, a P/E ratio of -0.98 and a beta of 0.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $1.09 and its 200-day moving average is $1.14. U.S. Energy has a one year low of $0.83 and a one year high of $1.76.

Institutional Investors Weigh In On U.S. Energy

A number of hedge funds have recently modified their holdings of the business. UBS Group AG raised its position in shares of U.S. Energy by 2,578.0% during the third quarter. UBS Group AG now owns 8,623 shares of the energy company’s stock worth $25,000 after purchasing an additional 8,301 shares during the period. Millennium Management LLC raised its position in U.S. Energy by 44.2% in the 2nd quarter. Millennium Management LLC now owns 29,403 shares of the energy company’s stock valued at $102,000 after buying an additional 9,019 shares during the last quarter. Captrust Financial Advisors acquired a new stake in U.S. Energy in the 1st quarter valued at approximately $44,000. Squarepoint Ops LLC acquired a new stake in U.S. Energy in the 1st quarter valued at approximately $30,000. Finally, Northern Trust Corp acquired a new stake in U.S. Energy in the 1st quarter valued at approximately $76,000. Institutional investors and hedge funds own 3.00% of the company’s stock.

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.