U.S. Energy (NASDAQ:USEG) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

U.S. Energy (NASDAQ:USEG) released its earnings results on Tuesday. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01), FiscalAI reports. The business had revenue of $1.74 million for the quarter. U.S. Energy had a negative net margin of 174.90% and a negative return on equity of 60.68%.

U.S. Energy Stock Down 4.0%

Shares of NASDAQ USEG traded down $0.05 during trading on Wednesday, reaching $1.09. 144,377 shares of the company traded hands, compared to its average volume of 2,237,458. The firm has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $1.26. U.S. Energy has a 52-week low of $0.98 and a 52-week high of $6.40. The stock has a market capitalization of $38.91 million, a PE ratio of -1.34 and a beta of 0.42.

Wall Street Analyst Weigh In

USEG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. Energy in a research report on Wednesday, November 5th. D. Boral Capital reissued a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Energy currently has an average rating of “Hold” and an average price target of $3.50.

Insiders Place Their Bets

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 193,902 shares of U.S. Energy stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $1.26, for a total value of $244,316.52. Following the completion of the sale, the insider owned 105,400 shares of the company’s stock, valued at approximately $132,804. The trade was a 64.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 538,410 shares of company stock worth $674,952 in the last 90 days. 61.00% of the stock is owned by corporate insiders.

Institutional Trading of U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. XTX Topco Ltd lifted its position in U.S. Energy Corp. (NASDAQ:USEG) by 61.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,841 shares of the energy company’s stock after purchasing an additional 17,080 shares during the period. XTX Topco Ltd owned about 0.13% of U.S. Energy worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.