Insider Selling: U.S. Energy (NASDAQ:USEG) Major Shareholder Sells $221,337.50 in Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 177,070 shares of the company’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 owned 100,087 shares of the company’s stock, valued at $125,108.75. This trade represents a 63.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares 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 Price Performance

Shares of NASDAQ USEG opened at $1.16 on Friday. The stock has a market capitalization of $41.60 million, a P/E ratio of -1.43 and a beta of 0.47. U.S. Energy Corp. has a 1-year low of $0.98 and a 1-year high of $6.40. The business has a fifty day moving average price of $1.18 and a 200 day moving average price of $1.26.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd increased its holdings in shares of U.S. Energy by 61.5% in the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock valued at $63,000 after purchasing an additional 17,080 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of U.S. Energy in the second quarter valued at about $47,000. Finally, Verity Asset Management Inc. acquired a new position in shares of U.S. Energy in the second quarter valued at about $145,000. 3.00% of the stock is owned by institutional investors and hedge funds.

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.