U.S. Energy (NASDAQ:USEG) Upgraded at StockNews.com

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

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

U.S. Energy Stock Performance

NASDAQ USEG opened at $1.15 on Tuesday. The stock’s fifty day moving average is $1.74 and its two-hundred day moving average is $1.65. The firm has a market capitalization of $38.89 million, a P/E ratio of -0.87 and a beta of 0.69. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $6.40.

Hedge Funds Weigh In On U.S. Energy

Institutional investors have recently modified their holdings of the business. Scissortail Wealth Management LLC purchased a new position in shares of U.S. Energy in the 4th quarter valued at about $73,000. Renaissance Technologies LLC raised its holdings in U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in U.S. Energy by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after acquiring an additional 23,756 shares during the last quarter. 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.