U.S. Energy (NASDAQ:USEG) Research Coverage Started at StockNews.com

Analysts at StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG) in a report issued on Tuesday. The firm set a “sell” rating on the energy company’s stock.

U.S. Energy Price Performance

Shares of U.S. Energy stock opened at $1.40 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $35.71 million, a PE ratio of -23.33 and a beta of 0.94. The firm has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.56. U.S. Energy has a fifty-two week low of $1.22 and a fifty-two week high of $3.94.

U.S. Energy (NASDAQ:USEG) last released its earnings results on Monday, August 14th. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). U.S. Energy had a negative net margin of 3.80% and a negative return on equity of 1.89%. The company had revenue of $7.98 million during the quarter.

Institutional Trading of U.S. Energy

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in U.S. Energy by 1,620.0% in the first quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock worth $1,676,000 after purchasing an additional 362,890 shares during the period. Vanguard Group Inc. lifted 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 acquiring an additional 66,764 shares during the period. Virtu Financial LLC bought a new position in shares of U.S. Energy during the 1st quarter worth about $281,000. State Street Corp acquired a new stake in shares of U.S. Energy during the 1st quarter valued at about $148,000. Finally, Millennium Management LLC increased its stake in U.S. Energy by 44.2% in the second quarter. Millennium Management LLC now owns 29,403 shares of the energy company’s stock valued at $102,000 after acquiring an additional 9,019 shares during the period. Institutional investors and hedge funds own 2.77% 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 continental 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 comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and Gulf Coast regions.