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

U.S. Energy Corp. (NASDAQ:USEG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.28 and traded as high as $1.96. U.S. Energy shares last traded at $1.93, with a volume of 198,109 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of U.S. Energy in a research note on Saturday. They issued a “hold” rating on the stock. D. Boral Capital reiterated a “buy” rating and set a $2.00 target price on shares of U.S. Energy in a research report on Friday, January 3rd.

U.S. Energy Trading Up 6.0 %

The stock’s 50-day moving average is $1.63 and its 200-day moving average is $1.28. The company has a market cap of $53.97 million, a price-to-earnings ratio of -1.46 and a beta of 0.63.

U.S. Energy Company 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.