StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the energy company’s stock.

U.S. Energy Trading Down 7.2 %

NASDAQ:USEG opened at $1.28 on Wednesday. The stock’s 50 day simple moving average is $1.08 and its 200-day simple moving average is $1.14. U.S. Energy has a 12-month low of $0.83 and a 12-month high of $1.76. The firm has a market cap of $32.42 million, a P/E ratio of -1.00 and a beta of 0.53. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its holdings in U.S. Energy by 2,578.0% during the third quarter. UBS Group AG now owns 8,623 shares of the energy company’s stock worth $25,000 after acquiring an additional 8,301 shares during the period. Squarepoint Ops LLC acquired a new position in U.S. Energy during the first quarter worth $30,000. Citadel Advisors LLC acquired a new position in U.S. Energy during the fourth quarter worth $31,000. Virtu Financial LLC acquired a new position in U.S. Energy during the fourth quarter worth $44,000. Finally, Renaissance Technologies LLC acquired a new position in U.S. Energy during the fourth quarter worth $44,000. Institutional investors and hedge funds own 3.00% 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 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.