U.S. Energy (NASDAQ:USEG) Shares Pass Above 200 Day Moving Average of $1.14

U.S. Energy Corp. (NASDAQ:USEG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.14 and traded as high as $1.25. U.S. Energy shares last traded at $1.21, with a volume of 50,838 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of U.S. Energy in a research note on Thursday. They set a “sell” rating for the company.

U.S. Energy Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $32.75 million, a P/E ratio of -0.95 and a beta of 0.53. The company’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.14.

U.S. Energy (NASDAQ:USEG) last issued its 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 during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Energy stock. Verity Asset Management Inc. grew its stake in U.S. Energy Corp. (NASDAQ:USEG) by 23.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,494 shares of the energy company’s stock after buying an additional 17,772 shares during the quarter. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.00% of the company’s stock.

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.