Scissortail Wealth Management LLC Purchases Shares of 45,000 U.S. Energy Corp. (NASDAQ:USEG)

Scissortail Wealth Management LLC acquired a new stake in U.S. Energy Corp. (NASDAQ:USEG) in the fourth quarter, HoldingsChannel reports. The fund acquired 45,000 shares of the energy company’s stock, valued at approximately $73,000.

Separately, Renaissance Technologies LLC increased its holdings 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 during the last quarter. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Stock Up 3.3%

U.S. Energy stock opened at $1.24 on Friday. The company’s 50-day moving average price is $1.19 and its two-hundred day moving average price is $1.61. The stock has a market cap of $44.35 million, a P/E ratio of -0.94 and a beta of 0.71. U.S. Energy Corp. has a twelve month low of $0.81 and a twelve month high of $6.40.

U.S. Energy (NASDAQ:USEG) last announced its earnings results on Monday, May 12th. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $2.19 million for the quarter, compared to the consensus estimate of $3.50 million. U.S. Energy had a negative return on equity of 71.83% and a negative net margin of 141.51%. Equities analysts anticipate that U.S. Energy Corp. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on USEG shares. D. Boral Capital restated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Tuesday, May 13th. StockNews.com lowered shares of U.S. Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th.

U.S. Energy 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.