Overall market sentiment has been down on U.S. Energy Corp. (USEG) stock lately. USEG receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With USEG Stock Today?
U.S. Energy Corp. (USEG) stock is trading at $6.09 as of 10:53 AM on Monday, Aug 10, an increase of $0.60, or 10.93% from the previous closing price of $5.49. The stock has traded between $5.59 and $6.30 so far today. Volume today is 334,373 compared to average volume of 318,351.
To see the top 5 stocks in the Oil & Gas E&P industry click here.
More About U.S. Energy Corp.
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.
