Insider Buying: Houston American Energy (NYSEAMERICAN:AGIG) Director Buys 10,000 Shares of Stock

Houston American Energy Corp (NYSEAMERICAN:AGIGGet Free Report) Director Peter Longo acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $1.20 per share, with a total value of $12,000.00. Following the completion of the purchase, the director owned 108,916 shares of the company’s stock, valued at $130,699.20. This trade represents a 10.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Houston American Energy Price Performance

NYSEAMERICAN:AGIG remained flat at $1.17 during mid-day trading on Thursday. The company’s stock had a trading volume of 97,923 shares, compared to its average volume of 863,405. Houston American Energy Corp has a 1 year low of $1.01 and a 1 year high of $25.56. The business has a fifty day simple moving average of $1.38.

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on AGIG

About Houston American Energy

(Get Free Report)

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.

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