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

Research analysts at StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report issued on Thursday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Trading Down 0.8 %

Shares of U.S. Energy stock opened at $1.17 on Thursday. U.S. Energy has a twelve month low of $0.83 and a twelve month high of $1.76. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.14. The firm has a market cap of $31.67 million, a price-to-earnings ratio of -0.91 and a beta of 0.53.

U.S. Energy (NASDAQ:USEG) last announced its quarterly earnings results on Tuesday, March 26th. The energy company reported ($0.78) EPS for the quarter. U.S. Energy had a negative net margin of 100.13% and a negative return on equity of 49.00%. The firm had revenue of $7.32 million for the quarter.

Institutional Investors Weigh In On U.S. Energy

A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. increased its holdings in U.S. Energy Corp. (NASDAQ:USEG) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the period. Verity Asset Management Inc. owned approximately 0.37% of U.S. Energy worth $95,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.00% of the company’s stock.

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.