StockNews.com Begins Coverage on U.S. Energy (NASDAQ:USEG)

StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report released on Thursday. The firm issued a sell rating on the energy company’s stock.

U.S. Energy Stock Performance

Shares of USEG opened at $0.92 on Thursday. The company’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.08. The firm has a market cap of $23.26 million, a PE ratio of -0.57 and a beta of 0.45. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.67. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.19.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $6.05 million during the quarter. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%.

Hedge Funds Weigh In On U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. Verity Asset Management Inc. raised its stake in U.S. Energy Corp. (NASDAQ:USEG) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the quarter. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 at the end of the most recent reporting period. 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.