Insider Selling: U.S. Energy (NASDAQ:USEG) Major Shareholder Sells $543,537.50 in Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 434,830 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $1.25, for a total value of $543,537.50. Following the completion of the sale, the insider directly owned 84,663 shares in the company, valued at approximately $105,828.75. This represents a 83.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Tuesday, March 3rd, Joshua Lane Batchelor sold 265,170 shares of U.S. Energy stock. The stock was sold at an average price of $1.37, for a total value of $363,282.90.

U.S. Energy Stock Performance

Shares of NASDAQ USEG opened at $1.15 on Friday. The stock has a market cap of $41.20 million, a PE ratio of -1.39 and a beta of 0.55. U.S. Energy Corp. has a fifty-two week low of $0.91 and a fifty-two week high of $2.75. The stock has a fifty day moving average of $1.03 and a 200-day moving average of $1.09.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of U.S. Energy in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.50.

Institutional Trading of U.S. Energy

A number of hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. purchased a new position in U.S. Energy in the second quarter worth $145,000. Thompson Davis & CO. Inc. purchased a new stake in U.S. Energy during the second quarter valued at about $49,000. XTX Topco Ltd lifted its stake in U.S. Energy by 61.5% during the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after purchasing an additional 17,080 shares during the last quarter. Uniting Wealth Partners LLC purchased a new position in shares of U.S. Energy in the 3rd quarter worth about $53,000. Finally, Two Sigma Investments LP purchased a new position in shares of U.S. Energy in the 3rd quarter worth about $54,000. 3.00% of the stock is owned by institutional investors.

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.