XTX Topco Ltd Invests $33,000 in U.S. Energy Corp. (NASDAQ:USEG)

XTX Topco Ltd purchased a new position in shares of U.S. Energy Corp. (NASDAQ:USEG) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 27,761 shares of the energy company’s stock, valued at approximately $33,000. XTX Topco Ltd owned approximately 0.08% of U.S. Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Scissortail Wealth Management LLC bought a new position in shares of U.S. Energy in the 4th quarter valued at approximately $73,000. Renaissance Technologies LLC raised its stake in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after acquiring an additional 23,756 shares in the last quarter. 3.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Energy

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 1,091,478 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $2.02, for a total value of $2,204,785.56. Following the sale, the insider owned 110,055 shares of the company’s stock, valued at $222,311.10. This trade represents a 90.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders purchased 9,000 shares of company stock valued at $11,185 and sold 1,704,606 shares valued at $3,447,206. 61.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on USEG. D. Boral Capital reissued a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Wednesday. Wall Street Zen downgraded U.S. Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

U.S. Energy Price Performance

USEG opened at $1.21 on Friday. The firm has a market capitalization of $41.16 million, a P/E ratio of -1.49 and a beta of 0.46. The stock’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.41. U.S. Energy Corp. has a 12-month low of $0.87 and a 12-month high of $6.40.

U.S. Energy (NASDAQ:USEG) last released its earnings results on Tuesday, August 12th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.90 million. U.S. Energy had a negative net margin of 174.90% and a negative return on equity of 60.68%. As a group, analysts anticipate that U.S. Energy Corp. will post -0.36 earnings per share for the current year.

U.S. Energy Profile

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.