It is an independent energy company focused on the acquisition and development of oil and gas producing properties in the United States. Its business is currently focused on targeting mature, low decline assets with existing infrastructure that allows us to maximize our return on capital in a sustainable and efficient manner.
Company profile
Ticker
USEG
Exchange
Website
CEO
Ryan Smith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WESTERN STATES MINING INC
SEC CIK
Corporate docs
Subsidiaries
Energy One LLC • New Horizon Resources, LLC • BOG-OSAGE, LLC ...
IRS number
830205516
USEG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
U.S. Energy Corp. Announces 24% Increase to Year-End 2022 Proved Producing Reserves and Provides Fourth Quarter 2022 Operations Update
21 Feb 23
8-K
U.S. Energy Corp. Declares Quarterly Cash Dividend
31 Jan 23
8-K
Departure of Directors or Certain Officers
6 Jan 23
8-K
U.S. Energy Corp. Reports Financial and Operating Results for Third Quarter 2022
10 Nov 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
U.S. Energy Corp. Declares Quarterly Cash Dividend
27 Oct 22
8-K/A
Financial Statements and Exhibits
5 Oct 22
424B3
Prospectus supplement
16 Sep 22
8-K
Entry into a Material Definitive Agreement
16 Sep 22
EFFECT
Notice of effectiveness
16 Sep 22
Transcripts
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cost of revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.09 mm | 3.09 mm | 3.09 mm | 3.09 mm | 3.09 mm | 3.09 mm |
| Cash burn (monthly) | (no burn) | 321.83 k | (no burn) | 59.00 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 1.89 mm | n/a | 346.35 k | n/a | n/a |
| Cash remaining | n/a | 1.20 mm | n/a | 2.75 mm | n/a | n/a |
| Runway (months of cash) | n/a | 3.7 | n/a | 46.6 | n/a | n/a |
Institutional ownership, Q3 2022
81.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 22 |
| Opened positions | 8 |
| Closed positions | 6 |
| Increased positions | 3 |
| Reduced positions | 7 |
| 13F shares | Current |
|---|---|
| Total value | 74.04 mm |
| Total shares | 22.47 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Joshua Lane Batchelor | 6.79 mm | $22.07 mm |
| Synergy Offshore | 6.55 mm | $21.28 mm |
| Hightower Melanie | 6.55 mm | $22.65 mm |
| Duane H King | 2.03 mm | $6.37 mm |
| Vanguard | 226.94 k | $663.00 k |
| Geode Capital Management | 78.96 k | $230.00 k |
| Susquehanna Fundamental Investments | 54.33 k | $159.00 k |
| CVI Investments | 50.00 k | $184.00 k |
| BLK Blackrock | 44.62 k | $130.00 k |
| BAC Bank Of America | 26.98 k | $79.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jan 23 | Donald Aloysius Kessel | Common Stock | Payment of exercise | Dispose F | No | No | 2.43 | 11,129 | 27.04 k | 226,145 |
| 27 Jan 23 | Ryan Lewis Smith | Common Stock | Payment of exercise | Dispose F | No | No | 2.43 | 43,750 | 106.31 k | 615,593 |
| 5 Jan 23 | James W Denny Iii | Common Stock | Grant | Acquire A | No | No | 0 | 48,913 | 0.00 | 103,913 |
| 5 Jan 23 | Donald Aloysius Kessel | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 237,274 |
| 5 Jan 23 | Randall D Keys | Common Stock | Grant | Acquire A | No | No | 0 | 48,913 | 0.00 | 128,913 |