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Last $0.39 USD
Change Today -0.0611 / -13.57%
Volume 211.2K
USEG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

u s energy corp - wyoming (USEG) Snapshot

Open
$0.48
Previous Close
$0.45
Day High
$0.48
Day Low
$0.38
52 Week High
07/8/14 - $4.55
52 Week Low
07/2/15 - $0.38
Market Cap
10.9M
Average Volume 10 Days
160.4K
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. 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.

U.S. Energy Corp. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Reports Impairment of Oil and Natural Gas Properties for the First Quarter Ended March 31, 2015

U.S. Energy Corp. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of $2.679 million against $8.256 million a year ago. Loss from operations was $23.519 million against income from operations of $627 million a year ago. Net loss was $23.703 million or $0.85 per basic and diluted share against net income of $0.250 million or $0.01 per basic and diluted share a year ago. Loss 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 (Non-GAAP Modified LBITDAX) was $1.207 million against modified EBITDAX of $4.050 million a year ago. Adjusted net loss was $4.353 million or $0.16 per basic and diluted share against adjusted net income of $0.491 million or $0.02 per basic and diluted share a year ago. The $5.6 million decrease in revenue is primarily due to lower oil and gas prices and lower oil and gas sales volumes in the first quarter of 2015 when compared to the same period of 2014. Cash provided by operations for the three months ended March 31, 2015 decreased to $1.8 million as compared to cash provided by operations of $4.4 million for the same period of 2014. The $2.6 million year over year decrease in cash from operating activities is primarily due to lower oil and gas revenue, partially offset by lower oil and gas operating expenses during the first quarter of 2015 as compared to the first quarter of 2014. For the quarter, the company’s produced 86,227 barrels of oil equivalent (BOE, or an average of 958 BOE per day (BOE/D as compared to 105,093 BOE or an average of 1,168 BOE/D during the three months ended March 31, 2014. Production decreased as a result of normal production declines and fewer wells being drilled during the period due to the low commodity prices, when compared to the same period of the previous year. First quarter 2015 production came from a total of 140 gross (20.41 net) wells. During the three months ended March 31, 2015, the company received an average of $893,000 per month from these producing wells with an average operating cost of $531,000 per month (including work-over costs) and production taxes of $86,000, for average net cash flows of $276,000 per month from oil and gas production before non-cash depletion expense. For the first quarter, the company recorded a proved property impairment of $19.240 million related to its oil and gas assets, which represents $0.69 of the $0.85 per share loss during the quarter. The impairment was primarily due to a decline in the price of oil. There was no proved property impairments recorded during the first three months of 2014.

 

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USEG Competitors

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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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