Wunderlich Securities Trims U.S. Energy PT, Maintains Market Outperform

Wunderlich Securities trimmed its U.S. Energy USEG price target from $4.75 to $4.50 and maintained its U.S. Energy Market Outperform rating in a research report published today following the company's completion of sale of Zavanna AMI acreage for $16.7 million. In the report, Wunderlich Securities states, "The lower-than-expected proceeds cause our target to slide $0.25 to $4.50. We are maintaining our Market Outperform rating at this time as we still see 30%-35% upside from current levels." Shares of U.S. Energy were trading at $3.36 at the time of posting, down 2.33% from Wednesday's market close.