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

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

Houston American Energy Stock Performance

NYSEAMERICAN AGIG remained flat at $1.17 during trading hours on Thursday. 97,923 shares of the company were exchanged, compared to its average volume of 235,896. Houston American Energy Corp has a 12-month low of $1.01 and a 12-month high of $25.56. The business’s fifty day simple moving average is $1.38.

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

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on Houston American Energy in a research note on Tuesday, February 17th. They issued a “buy” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Houston American Energy has an average rating of “Buy” and an average 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.