U.S. Energy (NASDAQ:USEG) Shares Cross Above 200 Day Moving Average – What’s Next?

U.S. Energy Corp. (NASDAQ:USEG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.54 and traded as high as $2.15. U.S. Energy shares last traded at $2.14, with a volume of 780,273 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USEG. StockNews.com started coverage on shares of U.S. Energy in a research report on Wednesday, February 12th. They set a “hold” rating on the stock. D. Boral Capital restated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Friday, January 24th.

U.S. Energy Stock Performance

The company has a market capitalization of $75.24 million, a price-to-earnings ratio of -1.62 and a beta of 0.71. The business’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $1.54.

Institutional Trading of U.S. Energy

Large investors have recently bought and sold shares of the business. Scissortail Wealth Management LLC bought a new stake in U.S. Energy during the 4th quarter worth approximately $73,000. Renaissance Technologies LLC grew its stake in shares of U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock worth $182,000 after acquiring an additional 23,756 shares in the last quarter. 3.00% of the stock is owned by 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.