StockNews.com upgraded shares of U.S. Energy (NASDAQ:USEG – Free Report) from a sell rating to a hold rating in a report published on Thursday morning.
Separately, D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a report on Friday, January 24th.
View Our Latest Report on USEG
U.S. Energy Trading Up 7.9 %
Institutional Investors Weigh In On U.S. Energy
A number of institutional investors and hedge funds have recently modified their holdings of the company. Scissortail Wealth Management LLC purchased a new stake in U.S. Energy in the fourth quarter valued at approximately $73,000. Renaissance Technologies LLC raised its stake in U.S. Energy by 24.6% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake in U.S. Energy by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares in the last quarter. 3.00% of the stock is owned by hedge funds and other institutional investors.
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.
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