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

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

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Price Performance

Shares of NASDAQ:USEG opened at $1.46 on Wednesday. The firm has a market capitalization of $51.34 million, a price-to-earnings ratio of -1.11 and a beta of 0.69. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $6.40. The business’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $1.59.

Hedge Funds Weigh In On U.S. Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in U.S. Energy by 27.1% in the fourth 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. Renaissance Technologies LLC raised 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 buying an additional 12,400 shares during the period. Finally, Scissortail Wealth Management LLC acquired a new position in U.S. Energy during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

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.