U.S. Energy (NASDAQ:USEG) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

U.S. Energy Corp. (NASDAQ:USEG)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.28 and traded as high as $1.96. U.S. Energy shares last traded at $1.93, with a volume of 198,109 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on USEG shares. D. Boral Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of U.S. Energy in a research report on Friday, January 3rd. StockNews.com started coverage on U.S. Energy in a research report on Saturday. They set a “hold” rating on the stock.

U.S. Energy Price Performance

The business has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $1.29. The stock has a market cap of $53.97 million, a PE ratio of -1.46 and a beta of 0.63.

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.