U.S. Energy (NASDAQ:USEG) Announces Earnings Results, Beats Expectations By $0.01 EPS

U.S. Energy (NASDAQ:USEG) issued its earnings results on Wednesday. The energy company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01, Zacks reports. The company had revenue of $6.05 million for the quarter. U.S. Energy had a negative return on equity of 62.97% and a negative net margin of 138.09%.

U.S. Energy Stock Down 1.5 %

NASDAQ:USEG traded down $0.01 during trading hours on Friday, reaching $0.92. The company’s stock had a trading volume of 58,234 shares, compared to its average volume of 66,692. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $23.19 million, a price-to-earnings ratio of -0.57 and a beta of 0.45. U.S. Energy has a one year low of $0.81 and a one year high of $1.76. The business’s 50-day moving average is $1.04 and its 200-day moving average is $1.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on U.S. Energy in a report on Wednesday. They issued a “sell” rating on the 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.