U.S. Energy (NASDAQ:USEG) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.59 and traded as high as $2.14. U.S. Energy shares last traded at $1.84, with a volume of 13,657,508 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. D. Boral Capital reissued a "buy" rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Tuesday, May 13th. Wall Street Zen downgraded U.S. Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

U.S. Energy Stock Performance

The company has a 50 day moving average of $1.31 and a 200 day moving average of $1.59. The stock has a market capitalization of $62.55 million, a price-to-earnings ratio of -2.63 and a beta of 0.47.

U.S. Energy (NASDAQ:USEG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). U.S. Energy had a negative net margin of 111.12% and a negative return on equity of 43.67%. The firm had revenue of $2.19 million during the quarter, compared to analyst estimates of $3.50 million. On average, equities analysts predict that U.S. Energy Corp. will post -0.36 EPS for the current fiscal year.

Institutional Trading of U.S. Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company's stock worth $103,000 after acquiring an additional 12,400 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company's stock worth $182,000 after acquiring an additional 23,756 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of U.S. Energy in the 1st quarter worth $33,000. Finally, Scissortail Wealth Management LLC acquired a new stake in shares of U.S. Energy in the 4th quarter worth $73,000. 3.00% of the stock is owned by institutional investors and hedge funds.

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.

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