Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen upgraded Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Big Sky Industrial Inc. Common Stock presently has a consensus rating of “Hold” and an average target price of $3.50.

Big Sky Industrial Inc. Common Stock Trading Down 0.8%

Shares of NASDAQ:BSIN opened at $1.19 on Monday. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.52. The business’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.00. The company has a market capitalization of $62.26 million, a PE ratio of -2.77 and a beta of 0.73. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $1.60 million during the quarter, compared to the consensus estimate of $1.63 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 49.96% and a negative net margin of 213.60%. As a group, equities research analysts predict that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Big Sky Industrial Inc. Common Stock

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter worth $26,000. United Asset Strategies Inc. acquired a new position in Big Sky Industrial Inc. Common Stock during the 4th quarter valued at about $27,000. State Street Corp increased its position in Big Sky Industrial Inc. Common Stock by 49.6% during the 4th quarter. State Street Corp now owns 47,371 shares of the energy company’s stock valued at $44,000 after buying an additional 15,700 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Big Sky Industrial Inc. Common Stock in the third quarter valued at about $54,000. Finally, XTX Topco Ltd raised its stake in Big Sky Industrial Inc. Common Stock 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 buying an additional 17,080 shares during the last quarter. Hedge funds and other institutional investors own 3.00% of the company’s stock.

About Big Sky Industrial Inc. Common Stock

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.