U.S. Energy (NASDAQ:USEG) Cut to Sell at StockNews.com

StockNews.com downgraded shares of U.S. Energy (NASDAQ:USEG) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, D. Boral Capital reissued a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a research report on Thursday, March 13th.

U.S. Energy Stock Performance

Shares of NASDAQ:USEG opened at $1.37 on Friday. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40. The firm has a market capitalization of $46.33 million, a P/E ratio of -1.04 and a beta of 0.69. The stock has a 50 day moving average price of $1.99 and a 200-day moving average price of $1.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased 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 valued at $103,000 after buying an additional 12,400 shares in the last quarter. Geode Capital Management LLC increased its position in U.S. Energy by 27.1% during 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 in the last quarter. Finally, Scissortail Wealth Management LLC bought a new position in U.S. Energy during the 4th quarter valued at approximately $73,000. Institutional investors own 3.00% of the company’s stock.

About U.S. Energy

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.