D. Boral Capital Reiterates “Buy” Rating for U.S. Energy (NASDAQ:USEG)

U.S. Energy (NASDAQ:USEG)‘s stock had its “buy” rating reiterated by equities research analysts at D. Boral Capital in a report released on Tuesday,Benzinga reports. They presently have a $3.50 price objective on the energy company’s stock. D. Boral Capital’s price objective points to a potential upside of 186.89% from the stock’s current price.

Separately, StockNews.com cut shares of U.S. Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th.

U.S. Energy Stock Performance

NASDAQ USEG opened at $1.22 on Tuesday. The business has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.62. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40. The stock has a market cap of $43.63 million, a price-to-earnings ratio of -0.92 and a beta of 0.71.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $2.19 million for the quarter, compared to the consensus estimate of $3.50 million. U.S. Energy had a negative return on equity of 71.83% and a negative net margin of 141.51%. On average, analysts predict that U.S. Energy will post -0.36 EPS for the current year.

Hedge Funds Weigh In On U.S. Energy

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after acquiring an additional 23,756 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after buying an additional 12,400 shares in the last quarter. Scissortail Wealth Management LLC bought a new position in shares of U.S. Energy in the fourth quarter valued at $73,000. Finally, XTX Topco Ltd bought a new position in shares of U.S. Energy in the first quarter valued at $33,000. 3.00% of the stock is owned by institutional investors.

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.