U.S. Energy (NASDAQ:USEG) Stock Crosses Above 200-Day Moving Average – What’s Next?

U.S. Energy Corp. (NASDAQ:USEG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.11 and traded as high as $1.14. U.S. Energy shares last traded at $1.08, with a volume of 1,431,100 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of U.S. Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.50.

U.S. Energy Stock Performance

The stock has a market capitalization of $38.70 million, a P/E ratio of -1.30 and a beta of 0.48. The firm has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.11.

U.S. Energy (NASDAQ:USEG) last released its quarterly earnings results on Wednesday, November 12th. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). U.S. Energy had a negative net margin of 240.93% and a negative return on equity of 70.53%. The business had revenue of $1.74 million for the quarter, compared to analysts’ expectations of $2.09 million. On average, research analysts anticipate that U.S. Energy Corp. will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USEG. Citadel Advisors LLC purchased a new position in shares of U.S. Energy in the third quarter valued at about $26,000. United Asset Strategies Inc. bought a new stake in U.S. Energy during the 4th quarter valued at approximately $27,000. Thompson Davis & CO. Inc. purchased a new position in U.S. Energy in the 2nd quarter worth approximately $47,000. XTX Topco Ltd boosted its stake in U.S. Energy by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after purchasing an additional 17,080 shares during the period. Finally, Uniting Wealth Partners LLC bought a new position in U.S. Energy in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

About U.S. Energy

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.