U.S. Energy (NASDAQ:USEG) Major Shareholder Sells $209,297.50 in Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 167,438 shares of U.S. Energy stock in a transaction on Monday, October 27th. The stock was sold at an average price of $1.25, for a total transaction of $209,297.50. Following the sale, the insider directly owned 95,063 shares of the company’s stock, valued at $118,828.75. This represents a 63.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Friday, October 24th, Joshua Lane Batchelor sold 177,070 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total transaction of $221,337.50.
• On Thursday, October 23rd, Joshua Lane Batchelor sold 193,902 shares of U.S. Energy stock. The stock was sold at an average price of $1.26, for a total transaction of $244,316.52.

U.S. Energy Stock Performance

NASDAQ USEG opened at $1.16 on Friday. U.S. Energy Corp. has a 52-week low of $0.98 and a 52-week high of $6.40. The company has a market capitalization of $41.60 million, a P/E ratio of -1.43 and a beta of 0.47. The company has a fifty day moving average of $1.18 and a 200-day moving average of $1.26.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings results on Tuesday, August 12th. The energy company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). U.S. Energy had a negative net margin of 174.90% and a negative return on equity of 60.68%. The business had revenue of $2.03 million for the quarter, compared to the consensus estimate of $2.90 million. As a group, analysts forecast that U.S. Energy Corp. will post -0.36 EPS for the current fiscal year.

Institutional Trading of U.S. Energy

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of U.S. Energy in the first quarter valued at about $33,000. Verity Asset Management Inc. purchased a new position in shares of U.S. Energy in the second quarter valued at about $145,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of U.S. Energy in the second quarter valued at about $49,000. 3.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. Energy in a research note on Wednesday, October 8th. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.50.

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.