EF Hutton lowered the firm’s price target on U.S. Energy to $2 from $2.50 and keeps a Buy rating on the shares. The company’s December quarter results missed sales and EBITDA forecasts due to a shortfall in oil production and the divestiture impact on 12% of production for the month of December, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USEG:
- Is USEG a Buy, Before Earnings?
- U.S. Energy announces extension of $5M share repurchase program
- US Energy Incentivizes Executives and Extends Buyback Program
- U.S. Energy Corp. Announces Fourth Quarter and Year End 2023 Results Conference Call Date
- U.S. Energy Corp. Announces Extension of $5.0 Million Share Repurchase Program