StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

Equities researchers at StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Stock Down 7.2 %

NASDAQ:USEG opened at $1.28 on Wednesday. U.S. Energy has a 1-year low of $0.83 and a 1-year high of $1.76. The company has a 50-day moving average of $1.08 and a 200 day moving average of $1.14. The firm has a market cap of $32.42 million, a PE ratio of -1.00 and a beta of 0.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

Institutional Trading of U.S. Energy

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of U.S. Energy by 1,620.0% during the first quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock valued at $1,676,000 after buying an additional 362,890 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of U.S. Energy by 11.5% during the fourth quarter. Vanguard Group Inc. now owns 239,797 shares of the energy company’s stock valued at $240,000 after buying an additional 24,797 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of U.S. Energy by 23.2% during the fourth quarter. Verity Asset Management Inc. now owns 94,494 shares of the energy company’s stock valued at $95,000 after buying an additional 17,772 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of U.S. Energy during the first quarter valued at about $281,000. Finally, State Street Corp acquired a new position in shares of U.S. Energy during the first quarter valued at about $148,000. 3.00% of the stock is owned by hedge funds and other 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.