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

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

U.S. Energy Stock Down 0.8 %

Shares of NASDAQ USEG opened at $1.17 on Thursday. The company’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $1.14. U.S. Energy has a 52-week low of $0.83 and a 52-week high of $1.76. The firm has a market cap of $31.67 million, a price-to-earnings ratio of -0.91 and a beta of 0.53. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

U.S. Energy (NASDAQ:USEG) last announced its earnings results on Tuesday, March 26th. The energy company reported ($0.78) earnings per share (EPS) for the quarter. U.S. Energy had a negative net margin of 100.13% and a negative return on equity of 49.00%. The company had revenue of $7.32 million during the quarter.

Institutional Trading of U.S. Energy

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