US Energy Corp (USEG, Financial) experienced a notable stock surge with a 5.48% increase in its share price, reaching $1.54. The trading volume stood at 64,683 shares, with a turnover rate of 0.23% and a price fluctuation of 4.79%.
In recent financial results, US Energy reported a revenue of $6.05 million and a net loss of $1.97 million, translating to an earnings per share of -$0.08. The company's gross profit was $375,000, and the price-to-earnings ratio was -0.96.
Analyst ratings are optimistic for US Energy, with 100% of participating brokerages recommending a buy, and none suggesting a hold or sell. In the broader oil and gas exploration sector, the average increase was 0.64%. Notably, California Resources, US Energy, and Sable Offshore Corp. saw significant gains. Meanwhile, Indonesia Energy Corporation Limited, Eon Resources Inc., and Trio Petroleum Corp. were more active, with turnover rates of 6.68%, 2.96%, and 2.86%, respectively. Eon Resources Inc., Sable Offshore Corp., and Trio Petroleum Corp. also showed high price fluctuations.
US Energy Corp is an independent energy company focusing on acquiring and developing oil and gas production properties in the continental US. The company operates in areas like South Texas and the Williston Basin in North Dakota, earning revenue through interests in oil and gas production sales.
