Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Upgraded by Johnson Rice to “Buy” Rating

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) was upgraded by Johnson Rice from an “accumulate” rating to a “buy” rating in a report released on Monday,Benzinga reports. The brokerage presently has a $2.00 target price on the energy company’s stock. Johnson Rice’s price objective would indicate a potential upside of 39.86% from the stock’s previous close.

Several other brokerages also recently weighed in on BSIN. Zacks Research raised shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.75.

Big Sky Industrial Inc. Common Stock Stock Performance

Shares of Big Sky Industrial Inc. Common Stock stock opened at $1.43 on Monday. Big Sky Industrial Inc. Common Stock has a 1-year low of $0.66 and a 1-year high of $1.52. The company’s fifty day simple moving average is $1.16 and its 200-day simple moving average is $1.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $74.82 million, a PE ratio of -5.11 and a beta of 0.74.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last released its earnings results on Tuesday, August 11th. The energy company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $2.13 million for the quarter, compared to the consensus estimate of $2.04 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%. As a group, equities analysts anticipate that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

Several hedge funds have recently added to or reduced their stakes in BSIN. State Street Corp grew its stake in shares of Big Sky Industrial Inc. Common Stock by 49.6% during the fourth quarter. State Street Corp now owns 47,371 shares of the energy company’s stock valued at $44,000 after buying an additional 15,700 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at about $26,000. Two Sigma Investments LP bought a new stake in shares of Big Sky Industrial Inc. Common Stock during the third quarter valued at approximately $54,000. XTX Topco Ltd grew its stake in Big Sky Industrial Inc. Common Stock by 61.5% in the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after purchasing an additional 17,080 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Big Sky Industrial Inc. Common Stock in the 1st quarter worth $71,000. 3.00% of the stock is currently owned by institutional investors.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.