StockNews.com Initiates Coverage on U.S. Energy (NASDAQ:USEG)

Equities researchers at StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a report released on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Separately, D. Boral Capital reiterated a “buy” rating and issued a $2.00 price target on shares of U.S. Energy in a report on Monday, January 13th.

U.S. Energy Price Performance

Shares of U.S. Energy stock opened at $2.32 on Friday. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $2.43. The business has a 50 day moving average price of $1.73 and a 200 day moving average price of $1.33. The company has a market capitalization of $64.89 million, a P/E ratio of -1.76 and a beta of 0.63.

About U.S. Energy

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.