Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Upgraded at Johnson Rice

Johnson Rice upgraded shares of Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) from an accumulate rating to a buy rating in a report issued on Monday, Marketbeat reports. The brokerage currently has $2.00 price objective on the energy company’s stock.

BSIN has been the subject of several other research reports. Weiss Ratings upgraded shares of Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.75.

Big Sky Industrial Inc. Common Stock Price Performance

Big Sky Industrial Inc. Common Stock stock opened at $1.40 on Monday. The business’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $73.49 million, a price-to-earnings ratio of -5.00 and a beta of 0.74. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.52.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last announced its quarterly earnings data on Tuesday, August 11th. The energy company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%.The firm had revenue of $2.13 million during the quarter, compared to analysts’ expectations of $2.04 million. As a group, research analysts anticipate that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

Several hedge funds have recently added to or reduced their stakes in BSIN. United Asset Strategies Inc. acquired a new position in shares of Big Sky Industrial Inc. Common Stock during the 4th quarter worth about $27,000. Thompson Davis & CO. Inc. bought a new stake in shares of Big Sky Industrial Inc. Common Stock in the 1st quarter valued at about $71,000. Citadel Advisors LLC acquired a new stake in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at approximately $26,000. Two Sigma Investments LP acquired a new stake in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at approximately $54,000. Finally, XTX Topco Ltd boosted its stake in Big Sky Industrial Inc. Common Stock by 61.5% during the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after acquiring an additional 17,080 shares during the last quarter. Institutional investors and hedge funds own 3.00% of the company’s stock.

Big Sky Industrial Inc. Common Stock 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.