Hims & Hers stock pares losses on data despite Novo Nordisk litigation fears
In a recent transaction disclosed through an SEC filing, Ryan Lewis (JO:LEWJ) Smith, the CEO of US Energy Corp (NASDAQ:USEG), acquired 2,500 shares of the company’s common stock. The purchase, made on June 3, 2025, was executed at a price of $1.30 per share, amounting to a total value of $3,250. Following this acquisition, Smith’s direct ownership in US Energy Corp stands at 1,177,039 shares of the $43.85M market cap company. InvestingPro analysis shows the company holds more cash than debt on its balance sheet, though it’s currently burning through cash quickly. According to InvestingPro’s Fair Value model, the stock appears slightly undervalued at its current price of $1.29. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into USEG’s financial health and growth prospects.
In other recent news, U.S. Energy Corp reported its first-quarter 2025 earnings, which did not meet analyst expectations. The company posted an earnings per share (EPS) of -$0.10, compared to the forecasted -$0.05, while revenue reached $2.19 million, falling short of the anticipated $3.79 million. This decline in revenue was primarily due to decreased oil sales, which still made up over 80% of the company’s total revenue. Additionally, U.S. Energy Corp held its annual stockholders meeting, where Duane H. King was elected as a Class Three director, and Weaver & Tidwell, L.L.P. was ratified as the independent auditor for the fiscal year ending December 31, 2025.
The company remains committed to its strategic shift towards non-hydrocarbon industrial gas production, particularly focusing on helium and CO2 projects in Montana. U.S. Energy Corp’s cash position remains strong, with over $10.5 million and no outstanding debt, supporting its ongoing initiatives. The company plans to complete a new processing plant by early 2026, aiming to capture growing demand in the semiconductor industry. Management has expressed confidence in its current strategy, emphasizing the importance of its Montana industrial gas project. Despite the earnings miss, U.S. Energy Corp’s strategic focus and strong financial position continue to be highlighted by company executives.
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