U.S. Energy Corp. (USEG)’s Stock Is Sell After Reaching All-Time Low

The stock of U.S. Energy Corp. (NASDAQ:USEG) reached all time low today, May, 8 and still has $0.43 target or 8.00 % below today’s $0.46 share price. This indicates more downside for the $6.22M company. This technical setup was reported by Barchart.com. If the $0.43 PT is reached, the company will be worth $497,520 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 5.15% or $0.0251 during the last trading session, reaching $0.4621. About 52,788 shares traded or 67.35% up from the average. U.S. Energy Corp. (NASDAQ:USEG) has declined 40.63% since May 8, 2018 and is downtrending. It has underperformed by 45.00% the S&P500.

More notable recent U.S. Energy Corp. (NASDAQ:USEG) news were published by: Globenewswire.com which released: “U.S. Energy Corp. Announces Memorandum of Understanding to Acquire Bakken Assets – GlobeNewswire” on August 22, 2018, also Nasdaq.com with their article: “US Energy Corp. Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards – Nasdaq” published on April 23, 2019, Seekingalpha.com published: “Nine Wyoming Stocks – Seeking Alpha” on September 16, 2008. More interesting news about U.S. Energy Corp. (NASDAQ:USEG) were released by: Seekingalpha.com and their article: “1000: The True Value Of Seeking Alpha Revealed – Seeking Alpha” published on March 28, 2016 as well as Globenewswire.com‘s news article titled: “U.S. Energy Corp. Announces Initial Results from Recent Drilling Program – GlobeNewswire” with publication date: January 12, 2018.

U.S. Energy Corp., an independent energy company, focuses on the acquisition and development of gas and oil producing properties in the continental United States. The company has market cap of $6.22 million. It holds interests in various gas and oil projects in Williston Basin of North Dakota; Zavala County and Dimmit County of Texas; and Coastal Louisiana. It currently has negative earnings. The firm has estimated proved reserves of 887,142 barrels of oil equivalent.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.