U.S. Energy (NASDAQ:USEG) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG – Get Rating) in a report released on Saturday. The brokerage set a “sell” rating on the energy company’s stock.

Separately, EF Hutton Acquisition Co. I lowered their target price on U.S. Energy from $3.50 to $3.00 and set a “buy” rating for the company in a report on Friday, April 14th.

U.S. Energy Stock Up 0.7 %

Shares of NASDAQ:USEG opened at $1.43 on Friday. U.S. Energy has a 52 week low of $1.22 and a 52 week high of $5.28. The company has a market capitalization of $36.09 million, a PE ratio of 35.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $2.07.

Hedge Funds Weigh In On U.S. Energy

A number of institutional investors have recently modified their holdings of USEG. Renaissance Technologies LLC increased its position in shares of U.S. Energy by 1,620.0% during the first quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock worth $1,676,000 after buying an additional 362,890 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 66,764 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of U.S. Energy during the 3rd quarter worth approximately $194,000. Virtu Financial LLC acquired a new position in shares of U.S. Energy during the 1st quarter valued at $281,000. Finally, State Street Corp bought a new position in U.S. Energy during the first quarter worth $148,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

U.S. Energy Company Profile

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US Energy Corp. engages in the acquisition and development of oil and natural gas properties. It operates in Rockis, Mid Con, South Texas, and West Texas. The company was founded on January 26, 1966 and is headquartered in Houston, TX.