U.S. Energy (NASDAQ:USEG) Releases Earnings Results, Meets Expectations

U.S. Energy (NASDAQ:USEG) released its earnings results on Friday. The energy company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06), FiscalAI reports. U.S. Energy had a negative return on equity of 70.53% and a negative net margin of 240.93%.The firm had revenue of $1.39 million for the quarter.

U.S. Energy Stock Up 1.0%

Shares of USEG stock opened at $1.06 on Friday. The company has a market capitalization of $46.93 million, a price-to-earnings ratio of -1.28 and a beta of 0.55. U.S. Energy has a 12-month low of $0.91 and a 12-month high of $2.75. The firm has a fifty day moving average of $1.04 and a 200-day moving average of $1.08.

Wall Street Analyst Weigh In

USEG has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. Energy in a research note on Monday, December 29th. D. Boral Capital reiterated a “buy” rating and set a $3.50 price target on shares of U.S. Energy in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

Insider Buying and Selling

In related news, major shareholder Joshua Lane Batchelor sold 265,170 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1.37, for a total transaction of $363,282.90. Following the completion of the transaction, the insider directly owned 78,299 shares of the company’s stock, valued at approximately $107,269.63. This represents a 77.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 61.00% of the company’s stock.

Institutional Investors Weigh In On U.S. Energy

A number of large investors have recently added to or reduced their stakes in USEG. Two Sigma Investments LP acquired a new stake in U.S. Energy in the 3rd quarter worth about $54,000. Citadel Advisors LLC bought a new position in shares of U.S. Energy during the third quarter worth approximately $26,000. XTX Topco Ltd increased its holdings in shares of U.S. Energy by 61.5% during the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after purchasing an additional 17,080 shares during the period. Finally, State Street Corp raised its position in shares of U.S. Energy by 49.6% in the fourth quarter. State Street Corp now owns 47,371 shares of the energy company’s stock valued at $44,000 after buying an additional 15,700 shares in the last quarter. Institutional investors own 3.00% of the company’s stock.

About U.S. Energy

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.