U.S. Energy (NASDAQ:USEG) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of U.S. Energy (NASDAQ:USEG) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

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

U.S. Energy Price Performance

Shares of U.S. Energy stock opened at $1.20 on Tuesday. 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 $40.59 million, a PE ratio of -0.91 and a beta of 0.69. The business has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $1.65.

Institutional Investors Weigh In On U.S. Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC purchased a new stake in shares of U.S. Energy during the 4th quarter worth about $73,000. Renaissance Technologies LLC grew its stake in shares of U.S. Energy by 24.6% in 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. Finally, Geode Capital Management LLC increased its holdings 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 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.