U.S. Energy (NASDAQ:USEG) PT Lowered to $4.00

U.S. Energy (NASDAQ:USEGGet Rating) had its price target cut by stock analysts at EF Hutton Acquisition Co. I from $7.00 to $4.00 in a report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the energy company’s stock. EF Hutton Acquisition Co. I’s target price points to a potential upside of 44.40% from the stock’s current price.

A number of other research firms also recently commented on USEG. StockNews.com raised shares of U.S. Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 11th. Johnson Rice began coverage on shares of U.S. Energy in a research report on Wednesday, October 26th. They set an “accumulate” rating and a $3.75 target price on the stock.

U.S. Energy Trading Down 4.2 %

Shares of USEG opened at $2.77 on Tuesday. U.S. Energy has a 1-year low of $2.67 and a 1-year high of $13.92. The company has a 50-day moving average of $2.96 and a 200 day moving average of $3.48. The firm has a market capitalization of $69.32 million, a price-to-earnings ratio of -9.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Transactions at U.S. Energy

In other news, major shareholder Wallis T. Marsh acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were purchased at an average price of $2.75 per share, with a total value of $27,500.00. Following the transaction, the insider now directly owns 3,111,914 shares in the company, valued at $8,557,763.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Wallis T. Marsh acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average price of $2.99 per share, with a total value of $59,800.00. Following the transaction, the insider now directly owns 3,091,914 shares in the company, valued at $9,244,822.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Wallis T. Marsh acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $27,500.00. Following the transaction, the insider now owns 3,111,914 shares in the company, valued at $8,557,763.50. The disclosure for this purchase can be found here. Insiders have bought a total of 42,000 shares of company stock valued at $122,700 in the last 90 days. Insiders own 81.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of USEG. Verity Asset Management Inc. purchased a new position in shares of U.S. Energy in the 1st quarter worth approximately $173,000. Vanguard Group Inc. grew its position in U.S. Energy by 45.7% during the 1st quarter. Vanguard Group Inc. now owns 212,870 shares of the energy company’s stock worth $926,000 after purchasing an additional 66,764 shares during the last quarter. Northern Trust Corp acquired a new stake in U.S. Energy during the 1st quarter valued at approximately $76,000. Renaissance Technologies LLC lifted its stake in U.S. Energy by 1,620.0% during the 1st quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock valued at $1,676,000 after acquiring an additional 362,890 shares during the period. Finally, State Street Corp acquired a new stake in U.S. Energy during the 1st quarter valued at approximately $148,000. Hedge funds and other institutional investors own 49.89% of the company’s stock.

About U.S. Energy

(Get Rating)

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas.

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