U.S. Energy (NASDAQ:USEG) Major Shareholder Joshua Lane Batchelor Sells 177,070 Shares of Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 177,070 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $1.25, for a total value of $221,337.50. Following the sale, the insider directly owned 100,087 shares in the company, valued at $125,108.75. The trade was a 63.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Monday, October 27th, Joshua Lane Batchelor sold 167,438 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total value of $209,297.50.
• On Thursday, October 23rd, Joshua Lane Batchelor sold 193,902 shares of U.S. Energy stock. The stock was sold at an average price of $1.26, for a total value of $244,316.52.

U.S. Energy Trading Down 5.6%

Shares of U.S. Energy stock opened at $1.17 on Wednesday. The stock’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.26. The company has a market capitalization of $41.96 million, a PE ratio of -1.44 and a beta of 0.47. U.S. Energy Corp. has a 12 month low of $0.98 and a 12 month high of $6.40.

U.S. Energy (NASDAQ:USEG) last released its earnings results on Tuesday, August 12th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $2.03 million for the quarter, compared to the consensus estimate of $2.90 million. U.S. Energy had a negative return on equity of 60.68% and a negative net margin of 174.90%. Analysts predict that U.S. Energy Corp. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

USEG has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of U.S. Energy in a report on Wednesday, October 8th. D. Boral Capital reiterated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

Hedge Funds Weigh In On U.S. Energy

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd grew its holdings in shares of U.S. Energy by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock valued at $63,000 after acquiring an additional 17,080 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of U.S. Energy in the 2nd quarter valued at about $47,000. Finally, Verity Asset Management Inc. bought a new position in shares of U.S. Energy in the 2nd quarter valued at about $145,000. Institutional investors own 3.00% of the company’s stock.

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.