U.S. Energy (NASDAQ:USEG) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

U.S. Energy (NASDAQ:USEG) issued its quarterly earnings results on Tuesday. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01), FiscalAI reports. The business had revenue of $1.74 million during the quarter. U.S. Energy had a negative net margin of 174.90% and a negative return on equity of 60.68%.

U.S. Energy Stock Down 4.0%

USEG stock traded down $0.05 during midday trading on Wednesday, hitting $1.09. The company’s stock had a trading volume of 146,341 shares, compared to its average volume of 2,237,560. The stock has a market cap of $38.91 million, a price-to-earnings ratio of -1.34 and a beta of 0.42. The stock’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.26. U.S. Energy has a 1 year low of $0.98 and a 1 year high of $6.40.

Analyst Ratings Changes

USEG has been the topic of a number of recent analyst reports. D. Boral Capital reissued a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. Energy in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.50.

Insider Activity

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 167,438 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $1.25, for a total value of $209,297.50. Following the sale, the insider directly owned 95,063 shares in the company, valued at $118,828.75. The trade was a 63.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 538,410 shares of company stock worth $674,952. Company insiders own 61.00% of the company’s stock.

Institutional Trading of U.S. Energy

An institutional investor recently raised its position in U.S. Energy stock. XTX Topco Ltd boosted its position in U.S. Energy Corp. (NASDAQ:USEG) by 61.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,841 shares of the energy company’s stock after buying an additional 17,080 shares during the quarter. XTX Topco Ltd owned approximately 0.13% of U.S. Energy worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.00% of the company’s stock.

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.