Verity Asset Management Inc. Makes New Investment in U.S. Energy Corp. $USEG

Verity Asset Management Inc. acquired a new position in shares of U.S. Energy Corp. (NASDAQ:USEG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 103,326 shares of the energy company’s stock, valued at approximately $145,000.

Separately, XTX Topco Ltd acquired a new stake in U.S. Energy during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

Insider Buying and Selling

In other U.S. Energy news, major shareholder Joshua Lane Batchelor sold 193,902 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $1.26, for a total transaction of $244,316.52. Following the completion of the transaction, the insider directly owned 105,400 shares in the company, valued at $132,804. The trade was a 64.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 538,410 shares of company stock worth $674,952 in the last three months. 61.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. D. Boral Capital restated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of U.S. Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.50.

U.S. Energy Trading Down 4.9%

NASDAQ USEG opened at $1.17 on Tuesday. U.S. Energy Corp. has a 1-year low of $0.98 and a 1-year high of $6.40. The company has a 50 day moving average of $1.18 and a 200-day moving average of $1.26. The company has a market cap of $41.95 million, a price-to-earnings ratio of -1.44 and a beta of 0.47.

U.S. Energy (NASDAQ:USEG) last released its quarterly earnings results on Tuesday, August 12th. The energy company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). U.S. Energy had a negative net margin of 174.90% and a negative return on equity of 60.68%. The business had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.90 million. On average, equities research analysts forecast that U.S. Energy Corp. will post -0.36 earnings per share for the current year.

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.