U.S. Energy’s (USEG) “Buy” Rating Reaffirmed at D. Boral Capital

U.S. Energy (NASDAQ:USEG)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a report issued on Tuesday,Benzinga reports. They currently have a $3.50 price target on the energy company’s stock. D. Boral Capital’s target price would suggest a potential upside of 234.93% from the stock’s previous close.

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

U.S. Energy Stock Performance

Shares of NASDAQ:USEG traded down $0.01 during midday trading on Tuesday, reaching $1.05. The company’s stock had a trading volume of 5,663,072 shares, compared to its average volume of 6,150,081. The firm has a market capitalization of $37.44 million, a price-to-earnings ratio of -1.26 and a beta of 0.55. The firm has a 50 day moving average price of $1.03 and a two-hundred day moving average price of $1.08. U.S. Energy has a fifty-two week low of $0.91 and a fifty-two week high of $2.75.

Insider Activity at U.S. Energy

In related news, major shareholder Joshua Lane Batchelor sold 434,830 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $1.25, for a total value of $543,537.50. Following the completion of the transaction, the insider directly owned 84,663 shares in the company, valued at approximately $105,828.75. The trade was a 83.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 61.00% of the stock is owned by insiders.

Institutional Trading of U.S. Energy

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in U.S. Energy in the third quarter worth $26,000. United Asset Strategies Inc. bought a new position in U.S. Energy in the 4th quarter worth $27,000. Thompson Davis & CO. Inc. purchased a new stake in shares of U.S. Energy in the 2nd quarter worth about $47,000. XTX Topco Ltd lifted its position in shares of 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 purchasing an additional 17,080 shares during the period. Finally, Uniting Wealth Partners LLC bought a new stake in shares of U.S. Energy during the 3rd quarter valued at about $53,000. 3.00% of the stock is owned by institutional investors.

U.S. Energy Company Profile

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.