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

by · The Cerbat Gem

StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG – Free Report) in a research report released on Friday. The brokerage issued a sell rating on the energy company’s stock.

U.S. Energy Price Performance

Shares of USEG stock opened at $1.02 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14. U.S. Energy has a 12 month low of $0.83 and a 12 month high of $1.76. The stock has a market cap of $25.80 million, a P/E ratio of -0.63 and a beta of 0.45. The company has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.09.

U.S. Energy (NASDAQ:USEG – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported ($0.17) earnings per share (EPS) for the quarter. U.S. Energy had a negative net margin of 138.09% and a negative return on equity of 62.97%. The business had revenue of $5.39 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. lifted its stake in shares of U.S. Energy Corp. (NASDAQ:USEG – Free Report) by 23.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,494 shares of the energy company’s stock after acquiring 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. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

(Get Free Report)

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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