StockNews.com Upgrades U.S. Energy (NASDAQ:USEG) to Hold

U.S. Energy (NASDAQ:USEG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

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

U.S. Energy Stock Performance

Shares of NASDAQ USEG opened at $1.36 on Thursday. U.S. Energy has a 52 week low of $0.81 and a 52 week high of $6.40. The stock has a market capitalization of $47.82 million, a P/E ratio of -1.03 and a beta of 0.69. The stock’s fifty day moving average is $2.04 and its 200 day moving average is $1.61.

Institutional Trading of U.S. Energy

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of U.S. Energy by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after acquiring an additional 12,400 shares during the period. Finally, Scissortail Wealth Management LLC acquired a new position in shares of U.S. Energy in the fourth quarter worth approximately $73,000. 3.00% of the stock is owned by institutional investors and hedge funds.

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.