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Ryan Smith, the CEO of US Energy Corp (NASDAQ:USEG), has recently increased his stake in the company. According to a recent SEC filing, Smith acquired a total of 1,000 shares of common stock over two transactions on February 4 and 5. The shares were purchased at prices ranging from $2.31 to $2.37, amounting to a total investment of $2,340. Following these transactions, Smith now holds 835,746 shares directly in the $77 million market cap company. The timing of Smith’s purchase appears strategic, as InvestingPro data shows the stock has delivered an impressive 125% return over the past year, with analysts setting price targets between $2.75 and $3.50. According to InvestingPro analysis, US Energy Corp is currently trading below its Fair Value, with additional ProTips available for subscribers regarding the company’s financial health and growth prospects.
In other recent news, U.S. Energy Corp . has revealed the pricing of its public offering of 4,236,000 shares of common stock at $2.65 per share, expecting to net approximately $10.5 million after underwriting commissions. The capital raised will be used to fund its industrial gas development project, which includes new gas well drilling and the acquisition of processing plant and equipment. Furthermore, U.S. Energy 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 company has bought back 985,000 shares, with approximately $3.8 million remaining for future repurchases. These developments are part of U.S. Energy’s ongoing efforts to manage its capital efficiently and enhance shareholder value. 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. The repurchased shares will be retired and returned to the company’s treasury.
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