Robert Bailey Purchases 10,000 Shares of Houston American Energy (NYSEAMERICAN:AGIG) Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) Director Robert Bailey acquired 10,000 shares of Houston American Energy stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $1.20 per share, with a total value of $12,000.00. Following the transaction, the director owned 105,875 shares of the company’s stock, valued at $127,050. This trade represents a 10.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Houston American Energy Price Performance

NYSEAMERICAN AGIG remained flat at $1.17 on Thursday. The company’s stock had a trading volume of 97,923 shares, compared to its average volume of 235,896. The company’s fifty day simple moving average is $1.38. Houston American Energy Corp has a 52 week low of $1.01 and a 52 week high of $25.56.

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

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners began coverage on shares of Houston American Energy in a research report on Tuesday, February 17th. They set a “buy” rating and a $6.00 target price on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.