U.S. Energy (NASDAQ:USEG) Rating Lowered to “Sell” at StockNews.com

U.S. Energy (NASDAQ:USEG) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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

U.S. Energy Stock Performance

Shares of USEG opened at $1.37 on Friday. The stock has a 50 day simple moving average of $1.99 and a 200 day simple moving average of $1.63. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40. The firm has a market capitalization of $46.33 million, a PE ratio of -1.04 and a beta of 0.69.

Hedge Funds Weigh In On U.S. Energy

Several institutional investors and hedge funds have recently modified their holdings of USEG. Scissortail Wealth Management LLC acquired a new position in U.S. Energy during the 4th quarter worth approximately $73,000. Renaissance Technologies LLC boosted its position in U.S. Energy by 24.6% during the 4th 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 last quarter. Finally, Geode Capital Management LLC boosted its position in U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after acquiring an additional 23,756 shares during the last quarter. 3.00% of the stock is currently 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.