U.S. Energy (NASDAQ:USEG) Downgraded to Sell Rating by StockNews.com

U.S. Energy (NASDAQ:USEG) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, D. Boral Capital reiterated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Thursday, March 13th.

U.S. Energy Stock Down 4.1 %

Shares of NASDAQ USEG opened at $1.41 on Friday. The stock’s 50 day moving average price is $2.00 and its 200-day moving average price is $1.62. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40. The company has a market capitalization of $47.69 million, a PE ratio of -1.07 and a beta of 0.69.

Institutional Trading of U.S. Energy

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after buying an additional 23,756 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after buying an additional 12,400 shares during the period. Finally, Scissortail Wealth Management LLC bought a new position in U.S. Energy during the 4th quarter valued at approximately $73,000. 3.00% of the stock is owned by institutional investors.

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.