U.S. Energy (NASDAQ:USEG) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG) in a research note issued on Wednesday. The brokerage set a “hold” rating on the energy company’s stock.

U.S. Energy Stock Down 2.9 %

Shares of USEG opened at $1.70 on Wednesday. The stock has a market cap of $47.55 million, a PE ratio of -1.29 and a beta of 0.47. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.91. The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $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.