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 in the Williston Basin in North Dakota, the Permian Basin in New Mexico, the Powder River Basin in Wyoming, and in the Gulf Coast of Texas. As of December 31, 2020, the company had an estimated proved reserves of 1,255,236 barrel of oil equivalent; and 134 gross producing wells. U.S. Energy Corp. was founded in 1966 and is based in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: usnrg.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/26/2022 | $3.75 | Accumulate | Johnson Rice |
1/28/2022 | $5.00 | Buy | EF Hutton |
4 - US ENERGY CORP (0000101594) (Issuer)
HOUSTON, June 05, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") today announced that Mark Zajac has been appointed Chief Financial Officer ("CFO"), effective June 1, 2023. Mr. Zajac brings 30 years of leadership experience across energy and finance, primarily as a Partner and national industry leader with KPMG. "I look forward to welcoming Mark to the U.S. Energy team," said Ryan Smith, President and Chief Executive Officer of U.S. Energy. "Mark's expertise as a seasoned financial leader with deep experience in both the overall energy sector and in public accounting will serve us well as we continue working towards executing the Company's str
Johnson Rice initiated coverage of U.S. Energy with a rating of Accumulate and set a new price target of $3.75
EF Hutton initiated coverage of US Energy with a rating of Buy and set a new price target of $5.00
Transaction Effective April 1, 2024, Expected To Close By July 31, 2024; Investor Call Rescheduled To July 17, 2024 Due To Hurricane Beryl
EF Hutton analyst Tim Moore maintains US Energy (NASDAQ:USEG) with a Buy and maintains $2 price target.
EF Hutton analyst Tim Moore maintains US Energy (NASDAQ:USEG) with a Buy and maintains $2 price target.
US Energy (NASDAQ:USEG) reported quarterly losses of $(0.38) per share. This is a 660 percent decrease over losses of $(0.05) per share from the same period last year. The company reported $5.39 million in sales this quarter. This is a 34.83 percent decrease over sales of $8.27 million the same period last year.
Shares of Macatawa Bank Corporation (NASDAQ:MCBC) rose sharply in today’s pre-market trading after Wintrust Financial Corporation (NASDAQ:WFTC) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa Bank shares jumped 37% to $13.60 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Dynatronics Corporation (NASDAQ:DYNT) shares rose 69.8% to $0.6301 in pre-market trading after dipping over 5% on Monday. Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) gained 55% to $0.6974 in pre-market trading after the company posted a profit for the fourth quarter.
EF Hutton analyst Tim Moore maintains US Energy (NASDAQ:USEG) with a Buy and lowers the price target from $2.5 to $2.
US Energy (NASDAQ:USEG) reported quarterly losses of $(0.78) per share which missed the analyst consensus estimate of $(0.03) by 2500 percent. This is a 1014.29 percent decrease over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $7.32 million which missed the analyst consensus estimate of $8.87 million by 17.43 percent. This is a 29.40 percent decrease over sales of $10.37 million the same period last year.
HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today reported financial and operating results for the three months ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Closed transaction on June 26, 2024, consisting of 140,000 net acres of helium and industrial gas targeted development in Montana;Signed letter of intent for the acquisition of an additional 24,000 net acres of helium and industrial gas targeted development in Montana on June 25, 2024, with both acreage positions being highly contiguous;2024 Mid-year oil
HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that it will issue second quarter 2024 results after the market closes on Wednesday, August 7, 2024. A conference call will be held Thursday, August 8, 2024, at 11:30 a.m. ET/10:30 a.m. CT to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has executed definitive documents (the "Transaction") for the sale of assets located in South Texas (the "South Texas Assets"). The Transaction is subject to customary conditions to closing and the Transaction may not close on a timely basis, or at all. HIGHLIGHTS All cash proceeds of approximately $6.5 million.Proceeds are expected to be used to fund development of U.S. Energy's recently announced acquisition targeting helium assets ("Recent Acquisition") and repay outstanding debt.Divested assets averaged approximately 155 barrels of oil eq
HOUSTON, July 01, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has closed a transaction (the "Agreement") with Wavetech Helium Inc ("Wavetech" or "WT") for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the "WT Asset"). Additionally, the Company has executed a non-binding letter of intent (the "LOI") with Synergy Offshore, LLC ("Synergy" or "SOG") to acquire offsetting operated acreage (the "SOG Asset"), forming a largely contiguous acreage position across the Kevin Dome of approximately 164,000 net acres, as discussed in greater de
HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Net daily production of 1,207 barrels of oil equivalent per day ("Boe/d");Oil production of 68,599 barrels, or 62% of total production;Lease Operating Expense of $3.2 million, or $29.02 per Boe, a 28% and 2% decrease, respectively, from first quarter of 2023;Adjusted EBITDA of $0.2 million;Repurchased approximately 0.3 million shares of co
HOUSTON, May 07, 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 first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held Friday, May 10, 2024, at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to the site at least 15 minutes
HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023. FULL YEAR 2023 HIGHLIGHTS Total daily production in 2023 averaged 1,711 Boe/d; oil production averaged 1,073 Bbl/d.Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million.Lease operating expense of $15.3 million, or $24.43 per Boe, a 8% and 9% decrease, respectively, from 2022.Oil and gas re
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. A conference call will be held Wednesday, March 27, 2024, at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to t
HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that its Board of Directors has authorized the extension of the previously announced share repurchase program under which the Company may purchase up to $5.0 million of its outstanding shares of common stock in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934. The repurchase program was originally approved in April 2023, and was to expire on June 30, 2024, which expiration
HOUSTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended September 30, 2023. THIRD QUARTER 2023 HIGHLIGHTS Net daily production of 1,652 barrels of oil equivalent per day ("Boe/d"), a 6% decrease over third quarter of 2022Oil production of 100,071 barrels, or 66% of total productionLease Operating Expense of $4.0 million, or $26.31 per Boe, a 23% and 19% decrease, respectively, from third quarter of 2022Adjusted EBITDA of $1.6 million durin
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HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today reported financial and operating results for the three months ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Closed transaction on June 26, 2024, consisting of 140,000 net acres of helium and industrial gas targeted development in Montana;Signed letter of intent for the acquisition of an additional 24,000 net acres of helium and industrial gas targeted development in Montana on June 25, 2024, with both acreage positions being highly contiguous;2024 Mid-year oil
HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has closed the sale (the "Transaction") of assets located in South Texas (the "South Texas Assets"). The Transaction was previously announced on July 9, 2024. HIGHLIGHTS All cash proceeds of approximately $6.5 million.Proceeds are expected to be used to fund development of U.S. Energy's recently announced acquisition targeting helium assets ("Recent Acquisition") and repay outstanding debt.Divested assets averaged approximately 155 barrels of oil equivalent per day (85% oil) from January-March 2024, or 13% of U.S. Energy's total production ov
HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that it will issue second quarter 2024 results after the market closes on Wednesday, August 7, 2024. A conference call will be held Thursday, August 8, 2024, at 11:30 a.m. ET/10:30 a.m. CT to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to
MIAMI, July 17, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 73rd Emerging Growth Conference on July 17 & 18 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Sponsors:QuoteMedia - Keep Investors Informed with Dynamic Plug and Play IR Solutions(844) 485
MIAMI, July 16, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 73rd Emerging Growth Conference on July 17 & 18 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Sponsors:QuoteMedia - Keep Investors Informed with Dynamic Plug and Play IR Solutions(844) 485-8200Sales@QuoteMedi
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has executed definitive documents (the "Transaction") for the sale of assets located in South Texas (the "South Texas Assets"). The Transaction is subject to customary conditions to closing and the Transaction may not close on a timely basis, or at all. HIGHLIGHTS All cash proceeds of approximately $6.5 million.Proceeds are expected to be used to fund development of U.S. Energy's recently announced acquisition targeting helium assets ("Recent Acquisition") and repay outstanding debt.Divested assets averaged approximately 155 barrels of oil eq
HOUSTON, July 01, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has closed a transaction (the "Agreement") with Wavetech Helium Inc ("Wavetech" or "WT") for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the "WT Asset"). Additionally, the Company has executed a non-binding letter of intent (the "LOI") with Synergy Offshore, LLC ("Synergy" or "SOG") to acquire offsetting operated acreage (the "SOG Asset"), forming a largely contiguous acreage position across the Kevin Dome of approximately 164,000 net acres, as discussed in greater de
HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Net daily production of 1,207 barrels of oil equivalent per day ("Boe/d");Oil production of 68,599 barrels, or 62% of total production;Lease Operating Expense of $3.2 million, or $29.02 per Boe, a 28% and 2% decrease, respectively, from first quarter of 2023;Adjusted EBITDA of $0.2 million;Repurchased approximately 0.3 million shares of co
HOUSTON, May 07, 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 first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held Friday, May 10, 2024, at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to the site at least 15 minutes
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, announced today that it will be participating in the EF Hutton Global Conference on May 15, 2024, at the Plaza Hotel in New York City. Ryan Smith, Chief Executive Officer of the Company, will host one-on-one meetings with investors at the conference. U.S. Energy is available for one-on-one and group meetings throughout the conference. For more information about the conference, please contact your EF Hutton representative or [email protected]. ABOUT U.S. ENERGY COR
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