Zacks downgraded shares of U.S. Energy (NASDAQ:USEG) from a neutral rating to an underperform rating in a research note released on Wednesday morning, StockRatingsNetwork reports. They currently have $2.10 target price on the stock.
Zacks has also taken action a number of other basic materials stocks recently. The firm reiterated its neutral rating on shares of Willis Group Holdings PLC. They have a $45.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Noble Corp. They have a $41.00 price target on that stock. Finally, Zacks reiterated its underperform rating on shares of Companhia Brasileira de Distribuicao. They have a $42.00 price target on that stock.
A number of other firms have also recently commented on USEG. Analysts at TheStreet upgraded shares of U.S. Energy from a sell rating to a hold rating in a research note to investors on Tuesday, July 2nd. Analysts at Sidoti upgraded shares of U.S. Energy from a neutral rating to a buy rating in a research note to investors on Friday, June 28th.
Shares of U.S. Energy (NASDAQ: USEG) traded down 5.05% during mid-day trading on Wednesday, hitting $2.051. U.S. Energy has a 52 week low of $1.45 and a 52 week high of $2.55. The stock’s 50-day moving average is currently $2.06. The company’s market cap is $56.8 million.
U.S. Energy Corp. acquires and develops oil and gas and other mineral properties. At December 31, 2009, the Company has three operating segments: Oil and gas, real estate, and minerals (NASDAQ: USEG).
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