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

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

U.S. Energy Stock Performance

Shares of USEG opened at $1.71 on Wednesday. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $1.91. The stock has a market capitalization of $47.82 million, a PE ratio of -1.30 and a beta of 0.47. The stock has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.16.

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.