U.S. Energy (NASDAQ:USEG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a report published on Wednesday morning. The brokerage issued a sell rating on the energy company’s stock.

U.S. Energy Price Performance

Shares of NASDAQ USEG opened at $1.27 on Wednesday. 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 stock has a fifty day moving average price of $1.09 and a 200 day moving average price of $1.14. U.S. Energy has a 1-year low of $0.83 and a 1-year high of $1.76.

Institutional Investors Weigh In On U.S. Energy

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

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.