Insider Selling: U.S. Energy (NASDAQ:USEG) Major Shareholder Sells $244,316.52 in Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 193,902 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $1.26, for a total transaction of $244,316.52. Following the transaction, the insider owned 105,400 shares of the company’s stock, valued at $132,804. This trade represents a 64.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Monday, October 27th, Joshua Lane Batchelor sold 167,438 shares of U.S. Energy stock. The shares were sold at an average price of $1.25, for a total value of $209,297.50.
• On Friday, October 24th, Joshua Lane Batchelor sold 177,070 shares of U.S. Energy stock. The shares were sold at an average price of $1.25, for a total value of $221,337.50.

U.S. Energy Stock Performance

NASDAQ USEG opened at $1.16 on Friday. The company has a market cap of $41.60 million, a P/E ratio of -1.43 and a beta of 0.47. The business’s 50 day moving average price is $1.18 and its 200-day moving average price is $1.26. U.S. Energy Corp. has a fifty-two week low of $0.98 and a fifty-two week high of $6.40.

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

Analyst Ratings Changes

USEG has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of U.S. Energy in a report on Wednesday, October 8th. D. Boral Capital restated a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

Institutional Investors Weigh In On U.S. Energy

Large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of U.S. Energy in the 1st quarter valued at about $33,000. Thompson Davis & CO. Inc. purchased a new stake in U.S. Energy during the 2nd quarter worth approximately $47,000. Finally, Verity Asset Management Inc. purchased a new stake in U.S. Energy during the 2nd quarter worth approximately $145,000. Institutional investors own 3.00% of the company’s stock.

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.