U.S. Energy (NASDAQ:USEG) Share Price Crosses Above 200-Day Moving Average - What's Next?

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as high as $1.96. U.S. Energy shares last traded at $1.93, with a volume of 198,109 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on USEG shares. StockNews.com began coverage on U.S. Energy in a report on Saturday. They set a "hold" rating on the stock. D. Boral Capital reissued a "buy" rating and issued a $2.00 target price on shares of U.S. Energy in a report on Friday, January 3rd.

U.S. Energy Stock Up 6.0 %

The firm has a market capitalization of $53.97 million, a PE ratio of -1.46 and a beta of 0.63. The stock's fifty day simple moving average is $1.65 and its 200 day simple moving average is $1.29.

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.