U.S. Energy (NASDAQ:USEG) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of U.S. Energy (NASDAQ:USEG) from a hold rating to a sell rating in a report released on Wednesday morning.

Separately, D. Boral Capital reiterated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Friday, January 24th.

U.S. Energy Stock Performance

Shares of USEG stock opened at $1.52 on Wednesday. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $6.40. The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.59. The stock has a market capitalization of $53.45 million, a P/E ratio of -1.15 and a beta of 0.69.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Scissortail Wealth Management LLC purchased a new stake in shares of U.S. Energy during the 4th quarter worth approximately $73,000. Renaissance Technologies LLC lifted its position 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 worth $103,000 after buying an additional 12,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 worth $182,000 after buying an additional 23,756 shares during the last quarter. Hedge funds and other 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.