U.S. Energy (NASDAQ:USEG) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.57 and traded as high as $1.70. U.S. Energy shares last traded at $1.60, with a volume of 319,768 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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. StockNews.com initiated coverage on shares of U.S. Energy in a research report on Wednesday, February 12th. They set a "hold" rating for the company.

U.S. Energy Stock Performance

The company has a fifty day moving average of $2.06 and a 200-day moving average of $1.59. The stock has a market cap of $53.10 million, a PE ratio of -1.14 and a beta of 0.71.

Institutional Trading of U.S. Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Scissortail Wealth Management LLC purchased a new position in shares of U.S. Energy in the fourth quarter valued at approximately $73,000. Renaissance Technologies LLC lifted its holdings 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 buying an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company's stock valued at $182,000 after buying an additional 23,756 shares during the period. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.