U.S. Energy’s (USEG) “Buy” Rating Reiterated at D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of U.S. Energy (NASDAQ:USEG) in a research report released on Tuesday,Benzinga reports. D. Boral Capital currently has a $3.50 target price on the energy company’s stock.

Separately, Weiss Ratings restated 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

U.S. Energy Stock Performance

Shares of USEG stock opened at $1.05 on Tuesday. The stock has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.08. The stock has a market cap of $46.48 million, a PE ratio of -1.27 and a beta of 0.55. U.S. Energy has a 1 year low of $0.91 and a 1 year high of $2.75.

Insider Activity

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 265,170 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1.37, for a total transaction of $363,282.90. Following the sale, the insider directly owned 78,299 shares of the company’s stock, valued at $107,269.63. This trade represents a 77.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 61.00% of the stock is owned by corporate insiders.

Institutional Trading of U.S. Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new position in shares of U.S. Energy in the 3rd quarter worth $54,000. Uniting Wealth Partners LLC acquired a new stake in U.S. Energy in the 3rd quarter valued at $53,000. Thompson Davis & CO. Inc. purchased a new position in U.S. Energy in the second quarter valued at about $49,000. United Asset Strategies Inc. purchased a new stake in shares of U.S. Energy during the 4th quarter valued at about $27,000. Finally, Citadel Advisors LLC purchased a new stake in shares of U.S. Energy during the third quarter valued at approximately $26,000. 3.00% of the stock is owned by institutional investors and hedge funds.

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.