U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases covered 89,846 gross acres and 5,757 net acres; and 146 gross producing wells. U.S. Energy Corp. was incorporated in 1966 and is based in Houston, Texas.
Wall Street Analyst Weigh In
USEG has been the topic of several research reports. StockNews.com lowered shares of U.S. Energy from a "hold" rating to a "sell" rating in a report on Friday, May 6th. TheStreet raised U.S. Energy from a "d" rating to a "c-" rating in a research report on Tuesday, June 7th.
U.S. Energy Stock Up 4.3 %
USEG traded up $0.15 on Friday, hitting $3.66. The company had a trading volume of 83,426 shares, compared to its average volume of 70,818. The stock has a fifty day moving average price of $3.66 and a 200-day moving average price of $4.14. U.S. Energy has a 12-month low of $2.91 and a 12-month high of $13.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.
U.S. Energy (NASDAQ:USEG - Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The energy company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $8.87 million during the quarter. U.S. Energy had a negative return on equity of 13.42% and a negative net margin of 17.84%.
U.S. Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Monday, August 8th will be issued a $0.023 dividend. This is a positive change from U.S. Energy's previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, August 5th. U.S. Energy's payout ratio is currently -20.45%.