U.S. Energy (NASDAQ:USEG) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of U.S. Energy (NASDAQ:USEG) in a report issued on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Separately, D. Boral Capital restated a “buy” rating and set a $2.00 price objective on shares of U.S. Energy in a research report on Monday, January 13th.

U.S. Energy Trading Up 4.5 %

USEG opened at $2.32 on Friday. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $2.43. The business’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.34. The company has a market capitalization of $64.89 million, a price-to-earnings ratio of -1.76 and a beta of 0.63.

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.