Key Points
- Joshua Lane Batchelor sold 265,170 shares of U.S. Energy on March 3 at an average of $1.37 for ~$363,283 and also sold 434,830 shares on March 2 at $1.25 (~$543,538); his position fell 77.20% to 78,299 shares (~$107,270), according to an SEC filing.
- U.S. Energy (USEG) was trading around $1.09 mid-day, with a market cap of $38.88 million, a 52-week range of $0.91–$2.75, a negative P/E, and 50/200-day moving averages near $1.03/$1.09.
- Analyst and institutional context: Weiss Ratings reiterated a "sell (d-)" rating while MarketBeat shows an average rating of "Hold" with a $3.50 consensus target, and institutional ownership remains low at about 3% despite some recent small stake increases.
U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) major shareholder Joshua Lane Batchelor sold 265,170 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1.37, for a total transaction of $363,282.90. Following the completion of the sale, the insider owned 78,299 shares of the company's stock, valued at approximately $107,269.63. This represents a 77.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Joshua Lane Batchelor also recently made the following trade(s):
- On Monday, March 2nd, Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock. The stock was sold at an average price of $1.25, for a total value of $543,537.50.
U.S. Energy Price Performance
Shares of USEG stock traded down $0.03 during mid-day trading on Thursday, hitting $1.09. 4,453,989 shares of the stock traded hands, compared to its average volume of 5,023,331. U.S. Energy Corp. has a 52-week low of $0.91 and a 52-week high of $2.75. The stock has a market cap of $38.88 million, a P/E ratio of -1.31 and a beta of 0.55. The stock's fifty day moving average is $1.03 and its two-hundred day moving average is $1.09.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of U.S. Energy in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $3.50.
Read Our Latest Stock Report on U.S. Energy
Institutional Trading of U.S. Energy
Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in U.S. Energy 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 purchasing an additional 15,700 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of 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 buying an additional 17,080 shares during the period. Citadel Advisors LLC purchased a new stake in shares of U.S. Energy during the third quarter valued at $26,000. United Asset Strategies Inc. acquired a new position in shares of U.S. Energy in the 4th quarter valued at $27,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of U.S. Energy in the 2nd quarter valued at $47,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.
About U.S. Energy
(
Get Free Report)
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.
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