U.S. Energy (NASDAQ:USEG) Shares Cross Above 200 Day Moving Average – Here’s Why

U.S. Energy Corp. (NASDAQ:USEG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.50 and traded as high as $2.17. U.S. Energy shares last traded at $2.03, with a volume of 1,081,327 shares.

Analysts Set New Price Targets

Several analysts recently commented on the stock. D. Boral Capital reiterated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Friday, January 24th. StockNews.com initiated coverage on U.S. Energy in a report on Wednesday. They set a “hold” rating for the company.

U.S. Energy Stock Down 5.6 %

The company’s fifty day moving average price is $1.99 and its 200 day moving average price is $1.50. The company has a market capitalization of $71.37 million, a P/E ratio of -1.54 and a beta of 0.71.

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.