U.S. Energy (NASDAQ:USEG) Lowered to “Strong Sell” at ValuEngine

U.S. Energy (NASDAQ:USEG) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, January 7th, ValuEngine reports.

Shares of USEG traded down $0.02 during midday trading on Tuesday, reaching $4.86. 4,000 shares of the company were exchanged, compared to its average volume of 30,998. U.S. Energy has a 1-year low of $1.38 and a 1-year high of $9.40. The stock has a 50-day moving average price of $2.61 and a 200-day moving average price of $1.00.

U.S. Energy (NASDAQ:USEG) last released its quarterly earnings results on Thursday, November 14th. The energy company reported ($0.30) EPS for the quarter. U.S. Energy had a negative return on equity of 3.48% and a negative net margin of 5.39%. The business had revenue of $1.63 million during the quarter.

U.S. Energy Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition and development of oil and gas producing properties in the continental United States. It holds interests in various oil and gas projects in Williston Basin of North Dakota; Dimmit County of Texas; and Coastal Louisiana. As of December 31, 2017, the company had estimated proved reserves of 824,115 barrels of oil equivalent.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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