U.S. Energy (NASDAQ:USEG) Cut to Sell at StockNews.com

StockNews.com downgraded shares of U.S. Energy (NASDAQ:USEG) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a research report on Thursday, March 13th.

U.S. Energy Stock Up 6.7 %

U.S. Energy stock opened at $1.12 on Wednesday. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $6.40. The stock has a market cap of $37.88 million, a P/E ratio of -0.85 and a beta of 0.66. The company’s fifty day simple moving average is $1.54 and its 200-day simple moving average is $1.66.

Institutional Trading of U.S. Energy

A number of institutional investors have recently added to or reduced their stakes in USEG. Geode Capital Management LLC raised its holdings in shares of U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Scissortail Wealth Management LLC acquired a new position in U.S. Energy during the fourth quarter worth $73,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

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.