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

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

U.S. Energy Trading Up 8.2 %

NASDAQ USEG opened at $1.85 on Wednesday. The company has a market capitalization of $51.74 million, a PE ratio of -1.40 and a beta of 0.47. The firm’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.17. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $1.91.

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.