U.S. Energy (NASDAQ:USEG) Upgraded to “Hold” at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of U.S. Energy (NASDAQ:USEG – Free Report) from a sell rating to a hold rating in a research note released on Tuesday.

Separately, D. Boral Capital reiterated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Thursday, March 13th.

Check Out Our Latest Stock Report on U.S. Energy

U.S. Energy Trading Down 6.5 %

Shares of NASDAQ:USEG opened at $1.15 on Tuesday. The firm has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $1.65. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40. The company has a market capitalization of $38.89 million, a PE ratio of -0.87 and a beta of 0.69.

Institutional Investors Weigh In On U.S. Energy

Large investors have recently modified their holdings of the stock. Scissortail Wealth Management LLC purchased a new stake in shares of U.S. Energy in the fourth quarter valued at about $73,000. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 12,400 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares in the last quarter. Hedge funds and other institutional investors own 3.00% of the company’s stock.

About U.S. Energy

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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.

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