Zacks Small Cap Decreases Earnings Estimates for U.S. Energy

U.S. Energy Corp. (NASDAQ:USEG) – Equities research analysts at Zacks Small Cap decreased their FY2024 earnings estimates for U.S. Energy in a research note issued on Wednesday, November 20th. Zacks Small Cap analyst T. Kerr now forecasts that the energy company will post earnings per share of ($0.36) for the year, down from their previous estimate of ($0.33). The consensus estimate for U.S. Energy’s current full-year earnings is ($0.36) per share. Zacks Small Cap also issued estimates for U.S. Energy’s Q4 2024 earnings at ($0.08) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.13) EPS.

Separately, StockNews.com began coverage on U.S. Energy in a research note on Tuesday, November 19th. They set a “sell” rating for the company.

U.S. Energy Trading Up 0.5 %

NASDAQ USEG opened at $1.86 on Friday. The stock has a 50-day moving average of $1.37 and a 200-day moving average of $1.15. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $1.91. The firm has a market cap of $52.01 million, a PE ratio of -1.41 and a beta of 0.47.

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.