Hims & Hers stock pares losses on data despite Novo Nordisk litigation fears
In recent transactions reported to the SEC, Ryan Lewis (JO:LEWJ) Smith, the CEO of US Energy Corp (NASDAQ:USEG), acquired additional shares of the company’s common stock. The purchase comes as the stock has declined over 30% year-to-date, according to InvestingPro data. On May 12 and May 13, Smith purchased a total of 3,000 shares at a price of $1.09 per share, amounting to a total transaction value of $3,270. Following these purchases, Smith now holds 1,170,039 shares directly. These acquisitions reflect Smith’s ongoing investment in the company he leads, despite InvestingPro analysis indicating the company is quickly burning through cash. InvestingPro has identified 8 additional key factors affecting USEG’s outlook, available in the comprehensive Pro Research Report.
In other recent news, U.S. Energy Corp reported its Q1 2025 earnings, which fell short of expectations. The company announced an earnings per share (EPS) of -$0.10, missing the forecasted -$0.05, and revenue of $2.19 million, significantly below the anticipated $3.79 million. The revenue decline was largely attributed to reduced oil sales, which still account for over 80% of total revenue. Despite these challenges, U.S. Energy Corp maintains a strong cash position with over $10.5 million and no outstanding debt. The company is focusing on its strategic shift towards helium and CO2 projects in Montana, with a processing plant expected to be completed by early 2026. Analysts from Zacks Small Cap Research noted the company’s ongoing transition and the challenges it faces in the industrial gas sector. Additionally, U.S. Energy Corp continues to monetize its legacy oil and gas assets while advancing its non-hydrocarbon helium production. The company has also repurchased approximately 832,000 shares, reflecting management’s confidence in the company’s valuation.
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