U S Energy Corp (USEG) said after close Tuesday that it lost $0.78 per share in quarter four 2023.
On the revenue line, the company reported $7.3 million, missing estimates by $1.5 million.
In the same quarter a year ago, the company lost $0.07 per share on revenue of $10.4 million.
The stock is down 7.89% to $1.05 after the report.
Despite U S Energy Corp reporting a decline in revenues, earnings increased signaling a rise in profit margins.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned U S Energy Corp a Bullish Sentiment Rank from InvestorsObserver.
U S Energy Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 21, putting U S Energy Corp in the bottom 25% of stocks. The firm set a 52-week low on December 12, 2023 at $0.83 and set a 52-week high on April 3, 2023 at $2.69.
US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.
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U S Energy Corp Down 7.89% To $1.05 After Earnings Miss
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