U.S. Energy (NASDAQ:USEG) Lowered to Sell Rating by StockNews.com

U.S. Energy (NASDAQ:USEG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, D. Boral Capital restated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a report on Thursday, March 13th.

U.S. Energy Stock Performance

Shares of NASDAQ:USEG opened at $1.41 on Friday. The business has a fifty day moving average of $2.00 and a 200-day moving average of $1.62. The firm has a market cap of $47.69 million, a PE ratio of -1.07 and a beta of 0.69. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Scissortail Wealth Management LLC bought a new position in U.S. Energy in the 4th quarter valued at approximately $73,000. Renaissance Technologies LLC boosted its holdings in U.S. Energy by 24.6% in the fourth 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 during the last quarter. Finally, Geode Capital Management LLC boosted 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 purchasing an additional 23,756 shares during the last quarter. 3.00% of the stock is owned by institutional investors.

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.