Joshua Lane Batchelor Sells 193,902 Shares of U.S. Energy (NASDAQ:USEG) Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 193,902 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $1.26, for a total transaction of $244,316.52. Following the sale, the insider directly owned 105,400 shares in the company, valued at $132,804. This represents a 64.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, October 27th, Joshua Lane Batchelor sold 167,438 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total transaction of $209,297.50.
• On Friday, October 24th, Joshua Lane Batchelor sold 177,070 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total transaction of $221,337.50.

U.S. Energy Stock Performance

Shares of USEG opened at $1.19 on Thursday. The stock has a market capitalization of $42.67 million, a PE ratio of -1.47 and a beta of 0.47. U.S. Energy Corp. has a 1 year low of $0.98 and a 1 year high of $6.40. The company’s 50-day simple moving average is $1.18 and its 200-day simple moving average is $1.26.

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

Institutional Trading of U.S. Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. acquired a new stake in U.S. Energy during the second quarter worth approximately $145,000. XTX Topco Ltd raised its holdings 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 purchasing an additional 17,080 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in U.S. Energy during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on USEG. D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.50.

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.