StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

Stock analysts at StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the energy company’s stock.

U.S. Energy Stock Down 3.3 %

Shares of NASDAQ:USEG opened at $1.32 on Friday. The stock has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.11. The stock has a market capitalization of $37.03 million, a P/E ratio of -0.83 and a beta of 0.46. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $1.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.50 and a current ratio of 0.50.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $6.05 million for the quarter. U.S. Energy had a negative return on equity of 74.13% and a negative net margin of 145.83%.

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.