U.S. Energy (NASDAQ:USEG) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

U.S. Energy Corp. (NASDAQ:USEG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as high as $1.96. U.S. Energy shares last traded at $1.93, with a volume of 198,109 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on USEG. StockNews.com began coverage on U.S. Energy in a research note on Saturday. They set a “hold” rating for the company. D. Boral Capital reiterated a “buy” rating and set a $2.00 price target on shares of U.S. Energy in a research note on Friday, January 3rd.

U.S. Energy Stock Performance

The company has a market cap of $53.97 million, a P/E ratio of -1.46 and a beta of 0.63. The firm has a 50 day moving average price of $1.65 and a 200-day moving average price of $1.29.

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.