U.S. Energy (NASDAQ:USEG) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of U.S. Energy (NASDAQ:USEG) in a research note published on Wednesday. The firm issued a hold rating on the energy company’s stock.

Separately, D. Boral Capital restated a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Stock Down 3.4 %

Shares of NASDAQ USEG opened at $1.96 on Wednesday. The firm’s 50-day moving average price is $1.99 and its 200-day moving average price is $1.50. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U.S. Energy stock. Geode Capital Management LLC lifted its holdings in U.S. Energy Corp. (NASDAQ:USEG) by 27.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,528 shares of the energy company’s stock after purchasing an additional 23,756 shares during the period. Geode Capital Management LLC owned about 0.32% of U.S. Energy worth $182,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.00% of the company’s stock.

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.