U.S. Energy Corp. (NASDAQ:USEG) Short Interest Update

U.S. Energy Corp. (NASDAQ:USEG) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,193,823 shares, a decline of 36.6% from the April 30th total of 5,039,134 shares. Currently, 8.9% of the company’s shares are short sold. Based on an average daily volume of 2,163,881 shares, the days-to-cover ratio is presently 1.5 days.

U.S. Energy Stock Down 1.9%

USEG stock opened at $1.06 on Thursday. The stock’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $0.98. U.S. Energy has a fifty-two week low of $0.66 and a fifty-two week high of $2.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $55.46 million, a P/E ratio of -2.47 and a beta of 0.77.

U.S. Energy (NASDAQ:USEG) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). U.S. Energy had a negative return on equity of 49.96% and a negative net margin of 213.60%.The firm had revenue of $1.60 million for the quarter, compared to analyst estimates of $1.63 million. On average, research analysts expect that U.S. Energy will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new stake in U.S. Energy during the 1st quarter worth approximately $71,000. State Street Corp increased its holdings in U.S. Energy by 49.6% during the 4th quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after purchasing an additional 15,700 shares in the last quarter. Two Sigma Investments LP bought a new stake in U.S. Energy during the 3rd quarter worth approximately $54,000. Uniting Wealth Partners LLC bought a new stake in U.S. Energy during the 3rd quarter worth approximately $53,000. Finally, XTX Topco Ltd increased its holdings in U.S. Energy by 61.5% during the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after purchasing an additional 17,080 shares in the last quarter. 3.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

USEG has been the topic of a number of recent analyst reports. Wall Street Zen raised U.S. Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised U.S. Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Finally, D. Boral Capital reissued a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.50.

About U.S. Energy

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.