U.S. Energy (NASDAQ:USEG) Shares Pass Above Two Hundred Day Moving Average - Here's Why

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) shares 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on USEG shares. Wall Street Zen lowered shares of U.S. Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. D. Boral Capital reaffirmed a "buy" rating and set a $3.50 target price on shares of U.S. Energy in a research note on Tuesday, May 13th.

U.S. Energy Trading Down 5.1%

The business's 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.58. The company has a market capitalization of $50.99 million, a P/E ratio of -2.14 and a beta of 0.47.

U.S. Energy (NASDAQ:USEG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.50 million. As a group, sell-side analysts predict that U.S. Energy Corp. will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position 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 valued at $103,000 after purchasing an additional 12,400 shares during the period. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 23,756 shares during the period. XTX Topco Ltd acquired a new position in U.S. Energy in the 1st quarter worth approximately $33,000. Finally, Scissortail Wealth Management LLC acquired a new stake in U.S. Energy during the 4th quarter valued at $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.