U.S. Energy (NASDAQ:USEG) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of U.S. Energy Corp. (NASDAQ:USEG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.22 and traded as high as $1.55. U.S. Energy shares last traded at $1.55, with a volume of 85,682 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of U.S. Energy in a report on Wednesday, November 27th. They issued a “hold” rating for the company.

U.S. Energy Price Performance

The firm has a market cap of $43.35 million, a PE ratio of -1.17 and a beta of 0.59. The firm has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.22.

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.