U.S. Energy (NASDAQ:USEG) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of U.S. Energy (NASDAQ:USEG) from a strong sell rating to a sell rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the company. Weiss Ratings lowered U.S. Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. D. Boral Capital restated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.50.

U.S. Energy Trading Down 4.2%

Shares of NASDAQ:USEG opened at $0.93 on Friday. U.S. Energy has a 12-month low of $0.66 and a 12-month high of $2.75. The company has a market capitalization of $41.04 million, a PE ratio of -2.16 and a beta of 0.80. The business has a 50 day moving average of $0.96 and a two-hundred day moving average of $1.01. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.10.

U.S. Energy (NASDAQ:USEG) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). U.S. Energy had a negative net margin of 213.60% and a negative return on equity of 56.15%. The company had revenue of $1.60 million during the quarter, compared to analyst estimates of $1.63 million. As a group, analysts forecast that U.S. Energy will post -0.2 EPS for the current year.

Insider Buying and Selling at U.S. Energy

In related news, major shareholder Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $1.25, for a total value of $543,537.50. Following the completion of the transaction, the insider owned 84,663 shares in the company, valued at $105,828.75. The trade was a 83.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U.S. Energy

Several institutional investors and hedge funds have recently modified their holdings of USEG. Citadel Advisors LLC acquired a new stake in U.S. Energy in the 3rd quarter worth about $26,000. United Asset Strategies Inc. acquired a new stake in U.S. Energy in the 4th quarter worth about $27,000. State Street Corp boosted its holdings in U.S. Energy by 49.6% in the 4th quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after buying an additional 15,700 shares during the last quarter. Uniting Wealth Partners LLC acquired a new stake in U.S. Energy in the 3rd quarter worth about $53,000. Finally, Two Sigma Investments LP acquired a new stake in U.S. Energy in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.