Analysts Set Expectations for U.S. Energy FY2024 Earnings

U.S. Energy Corp. (NASDAQ:USEG - Free Report) - Analysts at Zacks Small Cap dropped their FY2024 earnings per share estimates for U.S. Energy in a report issued on Wednesday, November 20th. Zacks Small Cap analyst T. Kerr now forecasts that the energy company will post earnings of ($0.36) per share for the year, down from their previous estimate of ($0.33). The consensus estimate for U.S. Energy's current full-year earnings is ($0.33) per share. Zacks Small Cap also issued estimates for U.S. Energy's Q4 2024 earnings at ($0.08) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.13) EPS.

Separately, StockNews.com initiated coverage on U.S. Energy in a report on Tuesday. They issued a "sell" rating for the company.

U.S. Energy Stock Performance

USEG stock traded up $0.03 during midday trading on Friday, hitting $1.88. 65,055 shares of the stock were exchanged, compared to its average volume of 83,423. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $1.91. The stock has a market cap of $52.58 million, a price-to-earnings ratio of -1.40 and a beta of 0.47. The stock's 50-day moving average price is $1.35 and its 200-day moving average price is $1.14.

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.