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Last $0.61 USD
Change Today +0.03 / 5.17%
Volume 125.5K
USEG On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

u s energy corp - wyoming (USEG) Snapshot

Open
$0.56
Previous Close
$0.58
Day High
$0.64
Day Low
$0.52
52 Week High
09/4/14 - $4.05
52 Week Low
07/27/15 - $0.36
Market Cap
17.1M
Average Volume 10 Days
69.7K
EPS TTM
$-0.37
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

US Energy Corp. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment on Oil and Gas Assets for the Three Months Ended June 30, 2015

US Energy Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company recorded a net loss after taxes of $6.3 million or $0.22 per share basic and diluted, as compared to net income after taxes of $56,000, or $0.00 per share basic and diluted, during the same period of 2014. The company recognized $3.3 million in revenues during the three months ended June 30, 2015 as compared to $2.7 million in revenues during the first quarter of 2015.  The 22.6% increase in revenue is primarily due to higher realized oil and gas prices in the second quarter of 2015 when compared to the first quarter of 2015. Adjusted net loss was $2.7 million during the three months ended June 30, 2015, or $0.10 per basic and diluted share. Adjusted net income was $443,000 for the three months ended June 30, 2014, or $0.02 per basic and diluted share. Earnings before interest, income taxes, depreciation, depletion and amortization, accretion of discount on asset retirement obligations, non-cash impairments, unrealized derivative gains and losses and non-cash compensation expense was a $442,000 loss for the three months ended June 30, 2015, compared to a $4.2 million gain for the three months ended June 30, 2014. Loss from operations was $5,927,000 against income from operations of $769,000 a year ago. Net loss was $6,280,000 or $0.22 per share basic and diluted against net income of $56,000 or $0.00 per share basic and diluted a year ago. During the six months ended June 30, 2015, the company recorded a net loss after taxes of $30.0 million or $1.07 per share basic and diluted, as compared to net income after taxes of $306,000, or $0.01 per share basic and diluted, during the same period of 2014. The company recognized $6.0 million in revenues during the six months ended June 30, 2015 as compared to $17.4 million in revenues during the same period in 2014. The $11.4 million decrease in revenue is primarily due to lower oil and gas prices and lower oil and gas sales volumes in the first six months of 2015 as compared to the first six months of 2014. Adjusted net loss was $7.1 million during the six months ended June 30, 2015, or $0.25 per basic and diluted share. Adjusted net income was $934,000 for the six months ended June 30, 2014, or $0.03 per basic and diluted share. Earnings before interest, income taxes, depreciation, depletion and amortization, accretion of discount on asset retirement obligations, non-cash impairments, unrealized derivative gains and losses and non-cash compensation expense was a $1.6 million loss for the six months ended June 30, 2015, compared to an $8.3 million gain for the six months ended June 30, 2014. Loss from operations was $29,446,000 against income from operations of $1,396,000 a year ago. Net loss was $29,983,000 or $1.07 per share basic and diluted against net income of $306,000 or $0.01 per share basic and diluted a year ago. Second quarter 2015 production came from a total of 142 gross (20.87 net) wells.  During the quarter the company produced 81,618 barrels of oil equivalent (“BOE”), or an average of 897 BOE per day (“BOE/D”) as compared to 116,499 BOE or an average of 1,280 BOE/D during the three months ended June 30, 2014.  Sequentially from the first quarter of 2015, production during the second quarter decreased approximately 6.4% as a result of normal production declines and fewer wells being drilled due to low commodity prices.  During the six months ended June 30, 2015, the company produced 167,844 barrels of oil equivalent (“BOE”), or an average of 927 BOE per day (“BOE/D”) as compared to 221,592 BOE or an average of 1,224 BOE/D during the six months ended June 30, 2014. The decrease in production is a result of normal production declines and fewer wells being drilled during the period due to low commodity prices. During the three months ended June 30, 2015, the company recorded a proved property impairment of $3.2 million related to its oil and gas assets, which represents $0.11 of the $0.22 per share loss.  The impairment was primarily due to a decline in the price of oil.  There were no proved property impairments recorded during the three months ended June 30, 2014.

US Energy Corp. to Report Q2, 2015 Results on Aug 10, 2015

US Energy Corp. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 10, 2015

US Energy Corp., Q2 2015 Earnings Call, Aug 10, 2015

US Energy Corp., Q2 2015 Earnings Call, Aug 10, 2015

 

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USEG Competitors

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Company Last Change
Approach Resources Inc $2.43 USD 0.00
Contango Oil & Gas Co $9.41 USD +0.17
Emerald Oil Inc $3.00 USD -0.20
Evolution Petroleum Corp $5.46 USD -0.25
Warren Resources Inc $0.67 USD +0.047
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Industry Analysis

USEG

Industry Average

Valuation USEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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