U.S. Energy Corp. (USEG): A Technical Analysis

USEG has 36-month beta value of 0.59. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for USEG is 6.28M, and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of USEG on April 03, 2024 was 35.69K shares.

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USEG) stock’s latest price update

U.S. Energy Corp. (NASDAQ: USEG)’s stock price has gone rise by 7.83 in comparison to its previous close of 1.15, however, the company has experienced a 10.71% increase in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-21 that HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) — U.S. Energy Corp. (NASDAQ: USEG, or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today announced that it will issue fourth quarter and year end 2023 results after the market closes on Tuesday, March 26, 2024.

USEG’s Market Performance

U.S. Energy Corp. (USEG) has seen a 10.71% rise in stock performance for the week, with a 20.39% gain in the past month and a 23.99% surge in the past quarter. The volatility ratio for the week is 7.92%, and the volatility levels for the past 30 days are at 3.60% for USEG. The simple moving average for the past 20 days is 19.43% for USEG’s stock, with a -0.41% simple moving average for the past 200 days.

Analysts’ Opinion of USEG

Many brokerage firms have already submitted their reports for USEG stocks, with Johnson Rice repeating the rating for USEG by listing it as a “Accumulate.” The predicted price for USEG in the upcoming period, according to Johnson Rice is $3.75 based on the research report published on October 26, 2022 of the previous year 2022.

Global Hunter Securities gave a rating of “Accumulate” to USEG, setting the target price at $4.50 in the report published on May 14th of the previous year.

USEG Trading at 20.05% from the 50-Day Moving Average

After a stumble in the market that brought USEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.90% of loss for the given period.

Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 7.92%, as shares surge +20.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.39% upper at present.

During the last 5 trading sessions, USEG rose by +10.71%, which changed the moving average for the period of 200-days by -15.65% in comparison to the 20-day moving average, which settled at $1.0490. In addition, U.S. Energy Corp. saw 23.99% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at USEG starting from Keys Randall D, who purchase 10,000 shares at the price of $0.90 back on Dec 12 ’23. After this action, Keys Randall D now owns 138,913 shares of U.S. Energy Corp., valued at $9,000 using the latest closing price.

Stock Fundamentals for USEG

Current profitability levels for the company are sitting at:

  • -0.46 for the present operating margin
  • 0.13 for the gross margin

The net margin for U.S. Energy Corp. stands at -1.0. The total capital return value is set at -0.21. Equity return is now at value -51.82, with -32.56 for asset returns.

Based on U.S. Energy Corp. (USEG), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.06. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 192.94.

Currently, EBITDA for the company is 3.05 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 11.81for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.

Conclusion

To put it simply, U.S. Energy Corp. (USEG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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