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

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

U.S. Energy Stock Down 0.4 %

NASDAQ:USEG opened at $1.15 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $31.13 million, a PE ratio of -0.90 and a beta of 0.55. U.S. Energy has a 52-week low of $0.83 and a 52-week high of $1.76. The stock has a 50-day simple moving average of $1.13 and a 200 day simple moving average of $1.13.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. raised its stake in U.S. Energy Corp. (NASDAQ:USEG) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the quarter. Verity Asset Management Inc. owned approximately 0.37% of U.S. Energy worth $95,000 at the end of the most recent reporting period. 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.