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Ryan Smith, the CEO of US Energy Corp (NASDAQ:USEG), recently acquired 1,000 shares of the company's common stock, according to a recent SEC filing. The purchase, valued at approximately $2,029, took place on February 14 at a price of $2.03 per share. According to InvestingPro data, the stock has surged over 120% in the past six months and appears undervalued based on Fair Value analysis. This transaction increased Smith's total holdings to 1,237,746 shares. The acquisition signifies a continued investment in the company by its top executive, reflecting confidence in US Energy Corp's future prospects. The $71.38M market cap company demonstrates high shareholder yield, as identified by InvestingPro, which offers 8 additional key insights about USEG's financial health and market position.
In other recent news, U.S. Energy Corp . has extended its share repurchase program to June 30, 2026, allowing for the repurchase of up to $5.0 million of its outstanding common stock. Since the program's initiation, the energy company has bought back 985,000 shares, with approximately $3.8 million remaining available for future repurchases. In a separate transaction, U.S. Energy repurchased 635,400 common shares from affiliates of Sage Road Capital.
On another front, U.S. Energy has priced its public offering of 4,236,000 shares of common stock at $2.65 per share, projected to net approximately $10.5 million. The capital raised is part of the company's strategy to fund its industrial gas development project. Roth Capital Partners (WA:CPAP) is serving as the sole book-running manager for the offering, with Johnson Rice & Company and D. Boral (OTC:BOALY) Capital acting as co-managers.
These are recent developments in the company's ongoing efforts to manage its capital efficiently. The repurchased shares will be retired and returned to the company's treasury, demonstrating U.S. Energy's commitment to growth, low-risk development, and shareholder returns. The company's operations also highlight its dedication to environmental responsibility.
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