Scissortail Wealth Management LLC Buys Shares of 45,000 U.S. Energy Corp. (NASDAQ:USEG)

Scissortail Wealth Management LLC purchased a new position in U.S. Energy Corp. (NASDAQ:USEG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,000 shares of the energy company’s stock, valued at approximately $73,000. Scissortail Wealth Management LLC owned approximately 0.13% of U.S. Energy at the end of the most recent reporting period.

Separately, Geode Capital Management LLC boosted its stake 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 worth $182,000 after purchasing an additional 23,756 shares during the period. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USEG has been the topic of several recent research reports. StockNews.com downgraded U.S. Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th. D. Boral Capital reiterated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a report on Tuesday, May 13th.

U.S. Energy Stock Up 3.3%

Shares of USEG stock opened at $1.24 on Friday. U.S. Energy Corp. has a 12 month low of $0.81 and a 12 month high of $6.40. The company’s fifty day simple moving average is $1.19 and its 200-day simple moving average is $1.61. The firm has a market cap of $44.35 million, a PE ratio of -0.94 and a beta of 0.71.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). U.S. Energy had a negative net margin of 141.51% and a negative return on equity of 71.83%. The business had revenue of $2.19 million during the quarter, compared to analyst estimates of $3.50 million. On average, equities analysts predict that U.S. Energy Corp. will post -0.36 earnings per share for the current fiscal year.

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.