Zacks Small Cap Reduces Earnings Estimates for U.S. Energy

U.S. Energy Corp. (NASDAQ:USEG) – Stock analysts at Zacks Small Cap reduced their FY2024 earnings estimates for U.S. Energy in a research report issued on Wednesday, November 20th. Zacks Small Cap analyst T. Kerr now forecasts that the energy company will post earnings per share of ($0.36) for the year, down from their previous forecast of ($0.33). The consensus estimate for U.S. Energy’s current full-year earnings is ($0.36) per share. Zacks Small Cap also issued estimates for U.S. Energy’s Q4 2024 earnings at ($0.08) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.13) EPS.

Separately, StockNews.com started coverage on U.S. Energy in a report on Tuesday, November 19th. They issued a “sell” rating for the company.

U.S. Energy Stock Performance

USEG stock opened at $1.86 on Friday. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $1.91. The company has a market capitalization of $52.01 million, a price-to-earnings ratio of -1.41 and a beta of 0.47. The business’s 50 day moving average price is $1.37 and its two-hundred day moving average price is $1.15.

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.