Houston American Energy (NYSEAMERICAN:AGIG) Upgraded at Zacks Research

Houston American Energy (NYSEAMERICAN:AGIG) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Separately, Roth Capital started coverage on shares of Houston American Energy in a research report on Friday, October 23rd. They set a “buy” rating and a $3.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Houston American Energy Price Performance

Shares of NYSEAMERICAN:AGIG opened at $0.95 on Monday. The company’s 50-day moving average is $1.04 and its 200 day moving average is $1.29. Houston American Energy has a fifty-two week low of $0.80 and a fifty-two week high of $5.80.

Houston American Energy (NYSEAMERICAN:AGIG) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $1.96 million for the quarter. On average, analysts predict that Houston American Energy will post -0.35 earnings per share for the current fiscal year.

Houston American Energy Company Profile

Houston American Energy Corp. is an independent oil and natural gas company engaged in the acquisition, exploration, development, and production of hydrocarbon properties. The company’s activities have historically focused on acquiring working and other interests in oil and gas prospects rather than providing energy-related products or services directly to consumers.

Houston American Energy has historically pursued opportunities in the United States and South America, including properties and prospects in regions such as the Gulf Coast, the Permian Basin, and Colombia.