StockNews.com Begins Coverage on U.S. Energy (NASDAQ:USEG)

StockNews.com started coverage on shares of U.S. Energy (NASDAQ:USEG) in a report released on Sunday. The firm issued a sell rating on the energy company’s stock.

U.S. Energy Stock Down 1.1 %

USEG stock opened at $0.89 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $1.00 and its 200 day moving average is $1.07. The stock has a market cap of $24.96 million, a price-to-earnings ratio of -0.55 and a beta of 0.47. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $1.67.

U.S. Energy (NASDAQ:USEG) last posted its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%. The company had revenue of $6.05 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Energy stock. Verity Asset Management Inc. lifted its position in U.S. Energy Corp. (NASDAQ:USEG) by 23.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the period. Verity Asset Management Inc. owned about 0.37% of U.S. Energy worth $95,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.00% of the company’s stock.

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.