SALT LAKE CITY, UT - OCTOBER 21: Ryan Smith CEO of Qualtrics and Co-Founder of 5 for the Fight speak at the press conference to announce the renewal of the Five for the Fight Qualtrics Jersey Patch through the 2022-2023 season on October 21, 2019 at Zions Bank Basketball Center in Salt Lake City, Utah. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE (Photo by Melissa Majchrzak/NBAE via Getty Images)
In a recent filing with the Securities and Exchange Commission, Ryan Lewis (JO:LEWJ) Smith, CEO and Director of US Energy Corp (NASDAQ:USEG), reported the purchase of 1,000 shares of common stock over two consecutive days. The timing is notable as InvestingPro data shows the stock has declined 12.5% over the past week, suggesting Smith may see value at current levels. The transactions, executed on February 11 and February 12, 2025, were completed at prices ranging from $1.98 to $2.05 per share, amounting to a total value of $2,015.
Following these transactions, Smith’s direct ownership in the company increased to 836,746 shares. These purchases reflect Smith’s continued investment in the company, which operates in the crude petroleum and natural gas industry.
In other recent news, U.S. Energy Corp has been making significant strides in its financial operations. The energy company recently 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 its inception in April 2023, U.S. Energy has bought back 985,000 shares, with approximately $3.8 million still available for future repurchases.
Additionally, U.S. Energy announced the pricing of its public offering of 4,236,000 common shares at $2.65 per share, projected to net approximately $10.5 million. This capital raise is part of the company’s strategy to fund its industrial gas development project. Underwriters also have the option to purchase an additional 635,400 shares.
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. These recent developments highlight U.S. Energy’s ongoing efforts to manage its capital efficiently and to enhance shareholder value.
