Joshua Lane Batchelor Sells 265,170 Shares of U.S. Energy (NASDAQ:USEG) Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 265,170 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $1.37, for a total value of $363,282.90. Following the completion of the sale, the insider directly owned 78,299 shares of the company’s stock, valued at $107,269.63. This represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Monday, March 2nd, Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total transaction of $543,537.50.

U.S. Energy Price Performance

Shares of U.S. Energy stock opened at $1.15 on Friday. U.S. Energy Corp. has a fifty-two week low of $0.91 and a fifty-two week high of $2.75. The firm has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $1.09. The company has a market cap of $41.21 million, a PE ratio of -1.39 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Energy has an average rating of “Hold” and an average target price of $3.50.

Institutional Trading of U.S. Energy

Several institutional investors have recently made changes to their positions in the business. Verity Asset Management Inc. bought a new stake in U.S. Energy in the second quarter valued at about $145,000. XTX Topco Ltd grew its stake in 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 buying an additional 17,080 shares during the last quarter. Two Sigma Investments LP bought a new stake in U.S. Energy during the third quarter worth about $54,000. State Street Corp increased its holdings in shares of U.S. Energy by 49.6% during the fourth quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after buying an additional 15,700 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of U.S. Energy in the third quarter valued at approximately $26,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

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.