U.S. Energy (NASDAQ:USEG) Major Shareholder Joshua Lane Batchelor Sells 265,170 Shares

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 265,170 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1.37, for a total value of $363,282.90. Following the sale, the insider owned 78,299 shares in the company, valued at approximately $107,269.63. This trade represents a 77.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, March 2nd, Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total transaction of $543,537.50.

U.S. Energy Trading Down 22.4%

NASDAQ:USEG traded down $0.32 during mid-day trading on Wednesday, hitting $1.11. The stock had a trading volume of 12,891,431 shares, compared to its average volume of 7,803,507. U.S. Energy Corp. has a twelve month low of $0.91 and a twelve month high of $2.75. The company has a market capitalization of $39.77 million, a PE ratio of -1.34 and a beta of 0.55. The stock has a 50-day simple moving average of $1.03 and a two-hundred day simple moving average of $1.09.

Institutional Investors Weigh In On U.S. Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verity Asset Management Inc. acquired a new stake in shares of U.S. Energy in the 2nd quarter worth approximately $145,000. Two Sigma Investments LP acquired a new position in U.S. Energy during the third quarter worth $54,000. Uniting Wealth Partners LLC purchased a new stake in U.S. Energy during the third quarter worth $53,000. Thompson Davis & CO. Inc. acquired a new stake in U.S. Energy in the second quarter valued at $49,000. Finally, United Asset Strategies Inc. purchased a new position in shares of U.S. Energy in the fourth quarter valued at $27,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of U.S. Energy in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.50.

U.S. Energy Company Profile

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.