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Last $0.43 USD
Change Today +0.0598 / 16.15%
Volume 147.2K
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

u s energy corp - wyoming (USEG) Snapshot

Open
$0.40
Previous Close
$0.37
Day High
$0.45
Day Low
$0.40
52 Week High
07/30/14 - $4.29
52 Week Low
07/27/15 - $0.36
Market Cap
12.1M
Average Volume 10 Days
72.5K
EPS TTM
$-0.26
Shares Outstanding
28.0M
EX-Date
07/3/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for U S ENERGY CORP - WYOMING (USEG)

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u s energy corp - wyoming (USEG) Details

U.S. Energy Corp., an independent energy company, focuses on the acquisition and development of oil and gas producing properties and other mineral properties in the continental United States. It operates in two segments, Oil and Gas, and Maintenance of Mineral Properties. The company has oil and gas projects in Buda Limestone, Eagle Ford Shale, and Austin Chalk formations in South Texas; Williston Basin of North Dakota; and U.S. Gulf Coast in South Texas, as well as in Louisiana. As of December 31, 2014, it had estimated proved reserves of 4,654,944 barrels of oil equivalent. The company has 118,188 gross acres of leases and 136 gross producing wells. It also owns the Mount Emmons molybdenum project comprising 9,853 acres located in west central Colorado. U.S. Energy Corp. was founded in 1966 and is headquartered in Riverton, Wyoming.

14 Employees
Last Reported Date: 03/12/15
Founded in 1966

u s energy corp - wyoming (USEG) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $336.7K
Chief Financial Officer and Treasurer
Total Annual Compensation: $221.5K
Principal Accounting Officer and Corporate Se...
Total Annual Compensation: $213.0K
Compensation as of Fiscal Year 2014.

u s energy corp - wyoming (USEG) Key Developments

U.S. Energy Corp. Receives Continued Listing Standard Notice From The Nasdaq Stock Exchange

U.S. Energy Corp. reported that it has received a continued listing standard notification from the NASDAQ stock exchange. On July 10, 2015 the Company received notification from the NASDAQ Stock Exchange that the Company has failed to meet the listing requirement of maintaining a minimum bid price of $1 per share for the last 30 consecutive business days. As of July 9, 2015, the average closing price per share of the Company's common stock over the preceding 30 day trading period was $0.74 per share. The Company has six months to regain compliance with the NASDAQ continued listing requirements and avoid delisting. Â If at any time during the 180 day period the closing bid price of the Company's common stock is at least $1 per share for a minimum of ten consecutive business days, NASDAQ will provide a written confirmation of compliance and this matter will be closed. In the event that the Company does not regain compliance during the initial 180 day period, then the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the NASDAQ Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, NASDAQ will inform the Company that it has been granted an additional 180 calendar days to cure the deficiency. During this period, we will actively monitor the stock price and evaluate all available options in order to regain compliance within the prescribed timeframe. During the six-month period, the Company's common stock will continue to be listed and traded on the NASDAQ, subject to compliance with the other listing standards. The NASDAQ notification does not affect the Company's business operations or its SEC reporting requirements, nor does it conflict with or cause an event of default under any of the instruments governing the Company's debt obligations.

U.S. Energy Corp. Announces 15% Reduction in Workforce

U.S. Energy Corp. announced that in light of the ongoing oil price environment the company has taken measures to reduce general and administrative costs by approximately 20%. The cost reductions include a 15% reduction in workforce and a significant reduction in annual compensation for all remaining employees. All officers and directors of the company have agreed to take a 20% cut in salaries and fees, respectively. The total compensation savings is in excess of $600,000 on an annualized basis. The company also anticipates a further reduction of approximately $500,000 in G&A costs by the end of 2015.

US Energy Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 01:00 PM

US Energy Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 01:00 PM. Venue: JW Marriott Hotel, 151 W. Adams Street, Chicago, Illinois, United States.

 

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USEG:US $0.43 USD +0.0598

USEG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Approach Resources Inc $4.25 USD -0.01
Contango Oil & Gas Co $9.81 USD +0.11
Emerald Oil Inc $1.62 USD -0.14
Evolution Petroleum Corp $5.52 USD +0.02
Warren Resources Inc $0.41 USD +0.0313
View Industry Companies
 

Industry Analysis

USEG

Industry Average

Valuation USEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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