Why These Energy Stocks are Losing This Week

8. U.S. Energy Corp. (NASDAQ:USEG)

Share Price Decline Between Feb. 14 – Feb. 24: 10.34%

U.S. Energy Corp. (NASDAQ:USEG) is an independent company that identifies and strategically invests in upstream oil and gas assets with a primary focus on oil.

Shares of U.S. Energy Corp. (NASDAQ:USEG) have surged by over 65% over the last year. However, the company has recently been struggling after its Q3 2024 revenue fell sharply by 43.29% YoY and missed market expectations. The company also reported a net loss of $2.2 million, or a loss of $0.08 per diluted share, during the quarter.

The stock price of U.S. Energy Corp. (NASDAQ:USEG) also witnessed a downturn after investors reacted negatively to the public offering of approximately 4.2 million common shares priced at $2.65 each, intended for funding industrial gas developments.