UPDATE: Global Hunter Securities Downgrades US Energy Corp. (USEG) to Accumulate; Waiting For Better Opportunity
Tweet
Share
E-mailGet Alerts USEG Hot Sheet
Price: $0.99 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Join SI Premium – FREE
(Updated - May 14, 2012 8:57 AM EDT)
Global Hunter Securities downgraded US Energy Corp. (NASDAQ: USEG) from Buy to Accumulate, price target lowered from $5.00 to $4.50.
Analyst, Philip McPherson, said, "USEG posted a decent 1Q12. The company focused its E&P efforts as a non-operator in the North Dakota Bakken and the Eagle Ford Shale in Texas. The next step will be for the company to transition into an operator. The company is patiently waiting for the right opportunity to emerge. Until that time, the company continues to keep its balance sheet clean by opportunistically selling acreage at a premium to the original cost. Given the lack of short-term catalysts for the stock, we are lowering our rating."
For an analyst ratings summary and ratings history on US Energy Corp. click here. For more ratings news on US Energy Corp. click here.
Shares of US Energy Corp. closed at $2.39 yesterday.
Global Hunter Securities downgraded US Energy Corp. (NASDAQ: USEG) from Buy to Accumulate, price target lowered from $5.00 to $4.50.
Analyst, Philip McPherson, said, "USEG posted a decent 1Q12. The company focused its E&P efforts as a non-operator in the North Dakota Bakken and the Eagle Ford Shale in Texas. The next step will be for the company to transition into an operator. The company is patiently waiting for the right opportunity to emerge. Until that time, the company continues to keep its balance sheet clean by opportunistically selling acreage at a premium to the original cost. Given the lack of short-term catalysts for the stock, we are lowering our rating."
For an analyst ratings summary and ratings history on US Energy Corp. click here. For more ratings news on US Energy Corp. click here.
Shares of US Energy Corp. closed at $2.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Downgrades Workday (WDAY) to Hold
- JG Summit (JGS:PM) (JGSHF) PT Lowered to PHP28.50 at Macquarie
- Nomura/Instinet Upgrades Malayan Banking Bhd (MAY:MK) to Buy
Create E-mail Alert Related Categories
Analyst EPS View, Analyst PT Change, DowngradesRelated Entities
Bakken FormationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
