KD Logo

Johnson Rice initates U.S. Energy Corp. (USEG) rating to a Accumulate

U.S. Energy Corp.’s recent filing unveils that its Director Keys Randall D acquired Company’s shares for reported $9000.0 on Dec 12 ’23. In the deal valued at $0.90 per share,10,000 shares were bought. As a result of this transaction, Keys Randall D now holds 138,913 shares worth roughly $0.18 million.

Johnson Rice initiated its U.S. Energy Corp. [USEG] rating to a Accumulate in a research note published on October 26, 2022; the price target was $3.75. A number of analysts have revised their coverage, including Global Hunter Securities’s analysts, who decreased its forecast for the stock in early February from “a Accumulate” to “a Neutral”. Global Hunter Securities also remained covering USEG and has decreased its forecast on May 14, 2012 with a “Accumulate” recommendation from previously “Buy” rating. C.K. Cooper revised its rating on March 16, 2012. It rated USEG as “a Hold” which previously was an “a Buy”.

Price Performance Review of USEG

On Friday, U.S. Energy Corp. [NASDAQ:USEG] saw its stock jump 4.88% to $1.29. Over the last five days, the stock has lost -0.39%. U.S. Energy Corp. shares have risen nearly 28.99% since the year began. Nevertheless, the stocks have fallen -7.86% over the past one year. While a 52-week high of $1.76 was reached on 04/12/24, a 52-week low of $0.83 was recorded on 03/18/24. SMA at 50 days reached $1.0702, while 200 days put it at $1.2373. A total of 1.02 million shares were traded, compared to the trading of 28100.0 shares in the previous session.

Levels Of Support And Resistance For USEG Stock

The 24-hour chart illustrates a support level at 1.1900, which if violated will result in even more drops to 1.0900. On the upside, there is a resistance level at 1.4400. A further resistance level may holdings at 1.5900. The Relative Strength Index (RSI) on the 14-day chart is 66.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0444, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.55%. Stochastics %K at 58.96% indicates the stock is a holding.

The most recent change occurred on May 20, 2011 when Global Hunter Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $8.50 price target.

Most Popular

[the_ad id="945"]