U.S. Energy (NASDAQ:USEG) Now Covered by StockNews.com

StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report released on Wednesday morning. The brokerage issued a hold rating on the energy company’s stock.

Separately, D. Boral Capital reissued a “buy” rating and set a $3.50 price target on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Stock Up 0.5 %

USEG opened at $2.03 on Wednesday. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $6.40. The stock has a market cap of $71.37 million, a price-to-earnings ratio of -1.54 and a beta of 0.71. The business has a 50 day moving average of $2.01 and a 200-day moving average of $1.51.

Institutional Trading of U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Renaissance Technologies LLC increased its position in shares of U.S. Energy Corp. (NASDAQ:USEG) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,900 shares of the energy company’s stock after purchasing an additional 12,400 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of U.S. Energy worth $103,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.00% of the company’s stock.

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.