Cardiff Oncology shares plunge after Q2 earnings miss
Ryan Smith, the CEO of US Energy Corp (NASDAQ:USEG), recently acquired additional shares in the company. According to a recent SEC filing, Smith purchased a total of 1,000 shares across two transactions on March 13 and March 14. The shares were bought at prices ranging from $1.29 to $1.34 per share, amounting to a total investment of $1,315. The stock, which has shown significant volatility and gained nearly 45% over the past six months, currently trades at $1.36, suggesting Smith’s timing may have been opportune. InvestingPro analysis indicates the stock is slightly undervalued at current levels. Following these transactions, Smith’s direct ownership has increased to 1,242,746 shares in the $48.69 million market cap company. These purchases reflect Smith’s continued confidence in the company’s prospects, despite InvestingPro’s overall WEAK Financial Health rating. Discover more insights about USEG and access comprehensive analysis of 1,400+ stocks with InvestingPro’s detailed Research Reports.
In other recent news, U.S. Energy Corporation reported a significant miss in its fourth-quarter 2024 earnings per share (EPS), which came in at -0.96 compared to the forecast of -0.07. Despite this, the company achieved a revenue of $20.62 million, surpassing the projected $5.49 million, mainly due to strategic asset sales. The company remains debt-free with a strong cash position, ending the year with over $7.7 million and an additional $10.5 million generated from an equity offering in January. Analysts have noted the company’s focus on expanding helium production, with plans to initiate workover operations on two wells in April 2025. The company is also exploring offtake agreements later in 2025 to support its helium production capabilities. U.S. Energy’s CEO, Brian Smith, emphasized the company’s strategic positioning in the industrial gas sector, highlighting its Montana project as a key growth driver. Despite operational challenges, the company maintains a strong financial position, underscored by its recent asset sales and debt elimination. Looking forward, U.S. Energy aims to commence commercial production in the first half of 2026, with ongoing efforts to optimize its CO2 sequestration process.
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