U.S. Energy (NASDAQ:USEG) Stock Crosses Above 200-Day Moving Average – Here’s Why

U.S. Energy Corp. (NASDAQ:USEG) shares crossed 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 equities analysts have weighed in on USEG shares. D. Boral Capital restated 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 assumed coverage on shares of U.S. Energy in a research report on Wednesday, February 12th. They issued a “hold” rating on the stock.

U.S. Energy Trading Up 1.6 %

The company has a market capitalization of $57.14 million, a P/E ratio of -1.23 and a beta of 0.71. The business’s fifty day moving average price is $2.06 and its 200-day moving average price is $1.57.

Hedge Funds Weigh In On U.S. Energy

A number of large investors have recently modified their holdings of USEG. Scissortail Wealth Management LLC bought a new position in U.S. Energy during the fourth quarter valued at approximately $73,000. Renaissance Technologies LLC grew its holdings in shares of U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 worth $182,000 after purchasing an additional 23,756 shares during the period. 3.00% of the stock is owned by hedge funds and other institutional investors.

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.