StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

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

U.S. Energy Stock Performance

U.S. Energy stock opened at $1.71 on Wednesday. The company has a market capitalization of $47.82 million, a P/E ratio of -1.30 and a beta of 0.47. U.S. Energy has a fifty-two week low of $0.81 and a fifty-two week high of $1.91. The stock has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.16.

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.