U.S. Energy (NASDAQ:USEG) Shares Cross Above 200-Day Moving Average – Here’s What Happened

U.S. Energy Corp. (NASDAQ:USEG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.22 and traded as high as $1.55. U.S. Energy shares last traded at $1.55, with a volume of 85,682 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of U.S. Energy in a research note on Wednesday, November 27th. They set a “hold” rating on the stock.

U.S. Energy Price Performance

The company has a market capitalization of $43.35 million, a price-to-earnings ratio of -1.17 and a beta of 0.59. The firm has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $1.22.

About U.S. Energy

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.