U.S. Energy (NASDAQ:USEG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG - Free Report) in a report issued on Wednesday morning. The firm issued a hold rating on the energy company's stock.

Separately, D. Boral Capital reissued a "buy" rating and issued a $3.50 target price on shares of U.S. Energy in a research note on Friday, January 24th.

U.S. Energy Stock Performance

USEG traded up $0.01 on Wednesday, reaching $2.03. The company had a trading volume of 708,483 shares, compared to its average volume of 11,428,397. The business has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.52. The company has a market cap of $71.37 million, a price-to-earnings ratio of -1.54 and a beta of 0.71. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40.

Institutional Trading of U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Geode Capital Management LLC increased its holdings in U.S. Energy Corp. (NASDAQ:USEG - Free Report) by 27.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,528 shares of the energy company's stock after purchasing an additional 23,756 shares during the period. Geode Capital Management LLC owned approximately 0.32% of U.S. Energy worth $182,000 as of its most recent SEC filing. Institutional investors own 3.00% of the company's stock.

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.