U.S. Energy (NASDAQ:USEG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

U.S. Energy Corp. (NASDAQ:USEG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.11 and traded as high as $1.14. U.S. Energy shares last traded at $1.08, with a volume of 1,431,100 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. Energy in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.50.

U.S. Energy Price Performance

The company’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.11. The firm has a market cap of $38.70 million, a price-to-earnings ratio of -1.30 and a beta of 0.48.

U.S. Energy (NASDAQ:USEG) last released its earnings results on Wednesday, November 12th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $1.74 million during the quarter, compared to analysts’ expectations of $2.09 million. U.S. Energy had a negative net margin of 240.93% and a negative return on equity of 70.53%. As a group, analysts forecast that U.S. Energy Corp. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Verity Asset Management Inc. purchased a new stake in shares of U.S. Energy during the 2nd quarter worth $145,000. Two Sigma Investments LP purchased a new position in shares of U.S. Energy during the third quarter worth about $54,000. Uniting Wealth Partners LLC purchased a new position in U.S. Energy during the 3rd quarter worth approximately $53,000. Thompson Davis & CO. Inc. purchased a new position in shares of U.S. Energy during the second quarter worth approximately $49,000. Finally, United Asset Strategies Inc. purchased a new position in U.S. Energy during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.