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An update from US Energy ( (USEG) ) is now available.
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U.S. Energy Corp. announced a definitive agreement to sell its East Texas oil and gas assets for $6.825 million. The sale, expected to close by December 31, 2024, marks a strategic divestment with proceeds aimed at funding an industrial gas project in Montana, enhancing liquidity, and streamlining operations by exiting a non-core region.
More about US Energy
U.S. Energy Corp. is a growth-focused company in the United States, concentrating on consolidating high-quality energy and industrial gas assets. The company aims to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. U.S. Energy Corp. is committed to reducing its carbon footprint in its operational areas.
YTD Price Performance: 69.00%
Average Trading Volume: 136,076
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $47.26M
For a thorough assessment of USEG stock, go to TipRanks’ Stock Analysis page.