U.S. Energy (NASDAQ:USEG) Upgraded by StockNews.com to Hold Rating

U.S. Energy (NASDAQ:USEG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Friday, January 24th.

U.S. Energy Stock Performance

Shares of USEG opened at $1.36 on Thursday. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40. The business’s 50 day moving average price is $2.04 and its two-hundred day moving average price is $1.61. The firm has a market cap of $47.82 million, a PE ratio of -1.03 and a beta of 0.69.

Institutional Investors Weigh In On U.S. Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Scissortail Wealth Management LLC bought a new stake in shares of U.S. Energy during the fourth quarter valued at approximately $73,000. Renaissance Technologies LLC increased its holdings in shares of U.S. Energy by 24.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of U.S. Energy by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after acquiring an additional 23,756 shares in 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.