Joshua Lane Batchelor Sells 265,170 Shares of U.S. Energy (NASDAQ:USEG) Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 265,170 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1.37, for a total transaction of $363,282.90. Following the transaction, the insider owned 78,299 shares of the company’s stock, valued at $107,269.63. This trade represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Monday, March 2nd, Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total value of $543,537.50.

U.S. Energy Price Performance

NASDAQ:USEG traded down $0.32 on Wednesday, reaching $1.11. The stock had a trading volume of 12,891,431 shares, compared to its average volume of 7,803,507. U.S. Energy Corp. has a 12-month low of $0.91 and a 12-month high of $2.75. The company has a market cap of $39.77 million, a price-to-earnings ratio of -1.34 and a beta of 0.55. The firm’s fifty day moving average is $1.03 and its two-hundred day moving average is $1.09.

Institutional Investors Weigh In On U.S. Energy

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of U.S. Energy during the third quarter valued at approximately $26,000. United Asset Strategies Inc. acquired a new stake in U.S. Energy during the 4th quarter valued at $27,000. Thompson Davis & CO. Inc. purchased a new stake in U.S. Energy during the 2nd quarter worth $47,000. XTX Topco Ltd lifted its holdings in U.S. Energy by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after buying an additional 17,080 shares in the last quarter. Finally, Uniting Wealth Partners LLC purchased a new stake in shares of U.S. Energy during the third quarter worth about $53,000. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of U.S. Energy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, U.S. Energy currently has an average rating of “Hold” and a consensus target price of $3.50.

About U.S. Energy

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.