U.S. Energy Corp. (NASDAQ:USEG) Short Interest Down 36.6% in May

U.S. Energy Corp. (NASDAQ:USEG) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,193,823 shares, a decrease of 36.6% from the April 30th total of 5,039,134 shares. Approximately 8.9% of the shares of the company are sold short. Based on an average trading volume of 2,163,881 shares, the short-interest ratio is presently 1.5 days.

U.S. Energy Stock Up 0.9%

USEG opened at $1.08 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $56.51 million, a price-to-earnings ratio of -2.51 and a beta of 0.77. U.S. Energy has a one year low of $0.66 and a one year high of $2.75. The business’s fifty day moving average is $0.92 and its two-hundred day moving average is $0.98.

U.S. Energy (NASDAQ:USEG) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). U.S. Energy had a negative net margin of 213.60% and a negative return on equity of 49.96%. The firm had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $1.63 million. Analysts anticipate that U.S. Energy will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On U.S. Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its holdings in shares of U.S. Energy by 61.5% in the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock valued at $63,000 after purchasing an additional 17,080 shares in the last quarter. Uniting Wealth Partners LLC purchased a new stake in U.S. Energy in the 3rd quarter valued at approximately $53,000. Two Sigma Investments LP purchased a new stake in U.S. Energy in the 3rd quarter valued at approximately $54,000. Citadel Advisors LLC acquired a new stake in U.S. Energy during the 3rd quarter valued at $26,000. Finally, United Asset Strategies Inc. acquired a new stake in U.S. Energy during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. D. Boral Capital restated a “buy” rating and set a $3.50 price target on shares of U.S. Energy in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of U.S. Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of U.S. Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Energy presently has a consensus rating of “Hold” and a consensus price target of $3.50.

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.