U.S. Energy’s (USEG) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of U.S. Energy (NASDAQ:USEG) in a research report released on Wednesday,Weiss Ratings reports.

Separately, D. Boral Capital reissued a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.50.

U.S. Energy Trading Down 7.5%

USEG stock opened at $1.11 on Wednesday. U.S. Energy has a twelve month low of $0.98 and a twelve month high of $6.40. The company’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.25. The stock has a market cap of $39.55 million, a P/E ratio of -1.37 and a beta of 0.47.

U.S. Energy (NASDAQ:USEG) last released its quarterly earnings data on Tuesday, August 12th. The energy company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). U.S. Energy had a negative return on equity of 60.68% and a negative net margin of 174.90%.The company had revenue of $2.03 million for the quarter, compared to analyst estimates of $2.90 million. On average, equities research analysts predict that U.S. Energy will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On U.S. Energy

A number of hedge funds have recently modified their holdings of USEG. XTX Topco Ltd purchased a new position in shares of U.S. Energy during the first quarter worth approximately $33,000. Thompson Davis & CO. Inc. purchased a new position in shares of U.S. Energy during the second quarter worth approximately $47,000. Finally, Verity Asset Management Inc. purchased a new position in shares of U.S. Energy during the second quarter worth approximately $145,000. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

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.