U.S. Energy (NASDAQ:USEG) Posts Quarterly Earnings Results

U.S. Energy (NASDAQ:USEG) posted its quarterly earnings results on Wednesday. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01), FiscalAI reports. U.S. Energy had a negative return on equity of 60.68% and a negative net margin of 174.90%.The firm had revenue of $1.74 million for the quarter, compared to the consensus estimate of $2.09 million.

U.S. Energy Stock Down 1.4%

Shares of USEG traded down $0.02 during trading hours on Friday, reaching $1.04. 102,831 shares of the company traded hands, compared to its average volume of 2,219,320. The business has a fifty day moving average price of $1.17 and a 200-day moving average price of $1.26. U.S. Energy has a 12-month low of $0.98 and a 12-month high of $6.40. The stock has a market capitalization of $37.11 million, a P/E ratio of -1.28 and a beta of 0.42.

Insider Transactions at U.S. Energy

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 193,902 shares of U.S. Energy stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $1.26, for a total transaction of $244,316.52. Following the completion of the sale, the insider owned 105,400 shares of the company’s stock, valued at approximately $132,804. The trade was a 64.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 538,410 shares of company stock valued at $674,952. Company insiders own 61.00% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U.S. Energy stock. XTX Topco Ltd increased its position in shares of U.S. Energy Corp. (NASDAQ:USEG) by 61.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,841 shares of the energy company’s stock after purchasing an additional 17,080 shares during the quarter. XTX Topco Ltd owned 0.13% of U.S. Energy worth $63,000 as of its most recent SEC filing. 3.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on USEG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. Energy in a research report on Tuesday. D. Boral Capital restated a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, U.S. Energy has an average rating of “Hold” and an average target price of $3.50.

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.