Is Selling All-time Stock Like U.S. Energy Corp. (USEG) a Winning Strategy?

The stock of U.S. Energy Corp. (NASDAQ:USEG) reached all time low today, May, 8 and still has $0.43 target or 8.00 % below today’s $0.46 share price. This indicates more downside for the $6.22M company. This technical setup was reported by Barchart.com. If the $0.43 PT is reached, the company will be worth $497,520 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 5.15% or $0.0251 during the last trading session, reaching $0.4621. About 52,788 shares traded or 67.35% up from the average. U.S. Energy Corp. (NASDAQ:USEG) has declined 40.63% since May 8, 2018 and is downtrending. It has underperformed by 45.00% the S&P500.

More notable recent U.S. Energy Corp. (NASDAQ:USEG) news were published by: Theglobeandmail.com which released: “At the open: TSX follows global markets higher – The Globe and Mail” on October 16, 2018, also Seekingalpha.com with their article: “Low-Debt Oil Stocks To Buy For A Rebound – Seeking Alpha” published on February 16, 2016, Seekingalpha.com published: “Voyager Acquisition Of Emerald Raises Questions – Seeking Alpha” on July 11, 2012. More interesting news about U.S. Energy Corp. (NASDAQ:USEG) were released by: Nasdaq.com and their article: “US Energy Corp. Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards – Nasdaq” published on April 23, 2019 as well as Seekingalpha.com‘s news article titled: “Callon Petroleum – A Permian Basin Powerhouse – Seeking Alpha” with publication date: March 22, 2016.

U.S. Energy Corp., an independent energy company, focuses on the acquisition and development of gas and oil producing properties in the continental United States. The company has market cap of $6.22 million. It holds interests in various gas and oil projects in Williston Basin of North Dakota; Zavala County and Dimmit County of Texas; and Coastal Louisiana. It currently has negative earnings. The firm has estimated proved reserves of 887,142 barrels of oil equivalent.

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