U.S. Energy (NASDAQ:USEG) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of U.S. Energy (NASDAQ:USEG) in a report issued on Wednesday morning. The firm issued a hold rating on the energy company’s stock.

Separately, D. Boral Capital reiterated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Price Performance

Shares of U.S. Energy stock opened at $2.03 on Wednesday. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $6.40. The business has a 50-day moving average of $2.01 and a two-hundred day moving average of $1.51. The company has a market capitalization of $71.37 million, a P/E ratio of -1.54 and a beta of 0.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Energy stock. Renaissance Technologies LLC boosted its stake in shares of U.S. Energy Corp. (NASDAQ:USEG) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,900 shares of the energy company’s stock after purchasing an additional 12,400 shares during the period. Renaissance Technologies LLC owned 0.18% of U.S. Energy worth $103,000 as of its most recent filing with the SEC. 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.