Nucor earnings beat by $0.08, revenue fell short of estimates
HOUSTON—Ryan Lewis (JO:LEWJ) Smith, CEO and Director of US Energy Corp (NASDAQ:USEG), purchased 2,000 shares of the company’s common stock on May 29, according to a recent SEC filing. The shares were acquired at a price of $1.31 each, totaling $2,620. The purchase price aligns closely with the current market value of $1.29, with analysts setting price targets between $2.00 and $3.50. InvestingPro analysis shows the company holds more cash than debt on its balance sheet, though it’s currently experiencing rapid cash burn. Following this transaction, Smith holds 1,174,539 shares directly. The purchase reflects Smith’s continued investment in the Houston-based energy company, which has a market capitalization of $43.85 million. For deeper insights into insider trading patterns and comprehensive financial analysis, including 8 additional key ProTips, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, U.S. Energy Corp reported its first-quarter 2025 earnings, which fell short of expectations. The company announced an earnings per share of -$0.10, missing the projected -$0.05, while revenue came in at $2.19 million, significantly below the anticipated $3.79 million. This shortfall highlights ongoing challenges as the company transitions towards non-hydrocarbon industrial gas production. 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 2025. The stockholders also approved an advisory vote on executive compensation.
The company maintains a strong cash position of over $10.5 million with no outstanding debt, despite the earnings miss. Analysts have noted the company’s strategic shift towards helium and CO2 projects in Montana, with a new processing plant expected to be completed by early 2026. This development is part of U.S. Energy Corp’s broader strategy to focus on industrial gas production, which is gaining interest due to demand in the semiconductor industry. The company continues to monetize its legacy oil and gas assets, which still contribute significantly to its revenue.
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