U.S. Energy (NASDAQ:USEG) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG – Get Rating) in a research note issued to investors on Saturday. The firm set a “sell” rating on the energy company’s stock.

Separately, EF Hutton Acquisition Co. I cut their target price on U.S. Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Friday, April 14th.

U.S. Energy Price Performance

U.S. Energy stock opened at $1.43 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $1.45 and a 200-day simple moving average of $2.07. The stock has a market cap of $36.09 million, a P/E ratio of 35.76 and a beta of 0.88. U.S. Energy has a 12-month low of $1.22 and a 12-month high of $5.28.

Institutional Trading of U.S. Energy

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of U.S. Energy by 2,578.0% during the 3rd quarter. UBS Group AG now owns 8,623 shares of the energy company’s stock worth $25,000 after acquiring an additional 8,301 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of U.S. Energy in the first quarter valued at $30,000. Renaissance Technologies LLC acquired a new position in shares of U.S. Energy during the 4th quarter worth $44,000. Captrust Financial Advisors purchased a new stake in shares of U.S. Energy in the 1st quarter worth about $44,000. Finally, Northern Trust Corp acquired a new stake in U.S. Energy in the 1st quarter valued at about $76,000. 63.81% of the stock is owned by institutional investors and hedge funds.

About U.S. Energy

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US Energy Corp. engages in the acquisition and development of oil and natural gas properties. It operates in Rockis, Mid Con, South Texas, and West Texas. The company was founded on January 26, 1966 and is headquartered in Houston, TX.