US Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• US Energy Corp USEG.OQ reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -6 cents per share.

• Revenue fell 66.5% to $2.03 million from a year ago; analysts expected $2.90 million.

• US Energy Corp's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $6.06 million.

• US Energy Corp shares had fallen by 15.0% this quarter and lost 27.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for US Energy Corp is $3.00, about 60.3% above its last closing price of $1.19

This summary was machine generated from LSEG data August 12 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)