U.S. Energy (NASDAQ:USEG) Raised to Hold at StockNews.com

U.S. Energy (NASDAQ:USEG - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

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

U.S. Energy Stock Performance

USEG stock traded down $0.17 during trading on Thursday, hitting $1.26. The stock had a trading volume of 430,369 shares, compared to its average volume of 1,046,138. The stock has a market cap of $44.31 million, a price-to-earnings ratio of -0.95 and a beta of 0.69. The company's 50 day moving average price is $2.05 and its two-hundred day moving average price is $1.61. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $6.40.

Hedge Funds Weigh In On U.S. Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC bought a new stake in shares of U.S. Energy during the 4th quarter worth $73,000. Renaissance Technologies LLC lifted its position in U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company's stock worth $103,000 after acquiring an additional 12,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in U.S. Energy by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company's stock valued at $182,000 after acquiring an additional 23,756 shares during the period. Institutional investors and hedge funds own 3.00% of the company's stock.

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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.