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

StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the energy company's stock.

Separately, D. Boral Capital restated a "buy" rating and set a $2.00 target price on shares of U.S. Energy in a research note on Friday, January 3rd.

U.S. Energy Trading Up 6.0 %

USEG traded up $0.11 on Friday, hitting $1.93. 198,109 shares of the company were exchanged, compared to its average volume of 127,201. The firm has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $1.29. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $1.96. The company has a market cap of $53.97 million, a price-to-earnings ratio of -1.46 and a beta of 0.63.

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.