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

Equities researchers at StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG) in a research report issued on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $2.00 price objective on shares of U.S. Energy in a research report on Monday, January 13th.

U.S. Energy Stock Up 4.5 %

USEG opened at $2.32 on Friday. The company has a fifty day simple moving average of $1.74 and a 200 day simple moving average of $1.34. The stock has a market cap of $64.89 million, a P/E ratio of -1.76 and a beta of 0.63. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $2.43.

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.