The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. U.S. Energy Corp shares valued at $1,155 were purchased by Smith Ryan Lewis on Jan 17 ’25. At $2.31 per share, Smith Ryan Lewis acquired 500 shares. The insider’s holdings grew to 875,050 shares worth approximately $2.77 million following the completion of this transaction.
Also, Smith Ryan Lewis purchased 500 shares, netting a total of over 1,110 in proceeds. Following the buying of shares at $2.22 each, the insider now holds 874,550 shares.
Before that, Smith Ryan Lewis had added 500 shares to its account. In a trade valued at $1,085, the CEO bought U.S. Energy Corp shares for $2.17 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $2.77 million.
As published in their initiating research note from Johnson Rice on October 26, 2022, U.S. Energy Corp [USEG] has been a Accumulate and the price target has been revised to $3.75. Analysts at Global Hunter Securities downgraded the stock from ‘”a Accumulate”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of May 14, 2012, Global Hunter Securities has decreased its “Buy” rating to a “Accumulate” for USEG. Earlier on March 16, 2012, C.K. Cooper downgraded its rating. Their new recommendation was “a Hold” for USEG stock which previously was a “a Buy”.
Analyzing USEG Stock Performance
During the last five days, there has been a surge of approximately 45.41%. Over the course of the year, U.S. Energy Corp shares have jumped approximately 94.48%. Shares of the company reached a 52-week high of $6.40 on 01/21/25 and a 52-week low of $1.60 on 01/02/25. A 50-day SMA is recorded $1.79, while a 200-day SMA reached $1.29. Nevertheless, trading volume fell to 36.39 million shares from 107.8 million shares the previous day.
Support And Resistance Levels for U.S. Energy Corp (USEG)
According to the 24-hour chart, there is a support level at 2.73, which, if violated, would cause prices to drop to 2.29. In the upper region, resistance lies at 3.75. The next price resistance is at 4.33. RSI (Relative Strength Index) is 70.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 66.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
