Houston American Energy (NYSEAMERICAN:AGIG) Releases Quarterly Earnings Results

Houston American Energy (NYSEAMERICAN:AGIG) issued its earnings results on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.13 million during the quarter. Houston American Energy had a negative net margin of 2,941.75% and a negative return on equity of 126.83%.

Houston American Energy Stock Up 4.1%

Shares of NYSEAMERICAN:AGIG traded up $0.05 during midday trading on Friday, reaching $1.14. 192,685 shares of the company traded hands, compared to its average volume of 896,842. Houston American Energy has a 12 month low of $1.01 and a 12 month high of $25.56. The company has a market capitalization of $49.62 million, a price-to-earnings ratio of -0.12 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $1.60.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners initiated coverage on shares of Houston American Energy in a research note on Tuesday, February 17th. They issued a “buy” rating and a $6.00 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $6.00.

About Houston American Energy

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.