U.S. Energy Corp. (NASDAQ:USEG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.50 and traded as high as $2.17. U.S. Energy shares last traded at $2.03, with a volume of 1,081,327 shares.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. 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. StockNews.com initiated coverage on shares of U.S. Energy in a research report on Wednesday. They issued a "hold" rating on the stock.
Read Our Latest Analysis on USEG
U.S. Energy Stock Performance
The firm has a market cap of $71.37 million, a P/E ratio of -1.54 and a beta of 0.71. The stock's 50-day moving average is $2.01 and its 200 day moving average is $1.52.
Institutional Investors Weigh In On U.S. Energy
A hedge fund recently raised its stake in U.S. Energy stock. Renaissance Technologies LLC increased its holdings in shares of U.S. Energy Corp. (NASDAQ:USEG - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,900 shares of the energy company's stock after purchasing an additional 12,400 shares during the quarter. Renaissance Technologies LLC owned 0.18% of U.S. Energy worth $103,000 as of its most recent filing with the SEC. 3.00% of the stock is currently owned by hedge funds and other institutional investors.
U.S. Energy Company Profile
(
Get Free Report)
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.
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