US energy corp CEO buys $2,020 in common stock

In a recent transaction reported to the Securities and Exchange Commission, Ryan Lewis (JO:LEWJ) Smith, CEO of US Energy Corp (NASDAQ:USEG), acquired a total of 1,000 shares of the company’s common stock. The purchases occurred over two days, February 20 and February 21, 2025, at prices ranging from $1.98 to $2.06 per share, amounting to a total transaction value of $2,020. The timing of these purchases is notable, with the stock currently showing signs of being undervalued according to InvestingPro analysis.

Following these acquisitions, Smith’s direct ownership in the company increased to 1,239,746 shares. This move reflects Smith’s continued investment in US Energy Corp, a company engaged in crude petroleum and natural gas operations with a market capitalization of $69 million. The stock has shown remarkable strength with a 110% gain over the past six months, despite its characteristic high volatility. InvestingPro subscribers can access 8 additional key insights about USEG, including detailed financial health metrics and growth projections, with the next earnings report expected on March 26, 2025.

In other recent news, U.S. Energy Corp . has announced the pricing of a public offering, set to raise approximately $10.5 million through the sale of 4,236,000 shares of common stock at $2.65 per share. This offering, expected to close in early 2025, is part of the company’s strategy to finance its industrial gas development projects, including new gas wells and processing equipment. Roth Capital Partners (WA:CPAP) is leading the offering, with Johnson Rice & Company and D. Boral (OTC:BOALY) Capital as co-managers. Additionally, U.S. Energy Corp. has extended its share repurchase program to June 2026, allowing for the buyback of up to $5 million in common stock. Since the program’s initiation, the company has repurchased 985,000 shares, with $3.8 million remaining for future repurchases. The company recently repurchased 635,400 shares from Sage Road Capital affiliates, aligning with its capital allocation strategy. These developments reflect U.S. Energy’s commitment to enhancing shareholder value and supporting its market presence.

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