Houston American Energy (NYSEAMERICAN:AGIG) Director Acquires $12,000.00 in Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) Director Peter Longo acquired 10,000 shares of Houston American Energy stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $1.20 per share, for a total transaction of $12,000.00. Following the completion of the purchase, the director directly owned 108,916 shares in the company, valued at $130,699.20. The trade was a 10.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Houston American Energy Stock Down 6.0%

NYSEAMERICAN AGIG opened at $1.10 on Friday. Houston American Energy Corp has a one year low of $1.01 and a one year high of $25.56. The firm has a 50-day simple moving average of $1.36.

Houston American Energy (NYSEAMERICAN:AGIG) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.13) EPS for the quarter. The business had revenue of $0.13 million during the quarter. Houston American Energy had a negative net margin of 3,727.85% and a negative return on equity of 102.72%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on shares of Houston American Energy in a research report on Tuesday, February 17th. They issued a “buy” rating and a $6.00 price objective on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.00.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2021, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.