Houston American Energy (NYSEAMERICAN:AGIG) CEO Edward Oliver Gillespie Acquires 10,000 Shares

Houston American Energy Corp (NYSEAMERICAN:AGIG) CEO Edward Oliver Gillespie purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $1.22 per share, for a total transaction of $12,200.00. Following the acquisition, the chief executive officer owned 163,258 shares of the company’s stock, valued at $199,174.76. This trade represents a 6.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Edward Oliver Gillespie also recently made the following trade(s):

• On Thursday, May 14th, Edward Oliver Gillespie bought 13,000 shares of Houston American Energy stock. The shares were bought at an average cost of $1.16 per share, with a total value of $15,080.00.
• On Tuesday, May 12th, Edward Oliver Gillespie purchased 8,220 shares of Houston American Energy stock. The stock was bought at an average cost of $1.19 per share, with a total value of $9,781.80.

Houston American Energy Price Performance

Houston American Energy stock opened at $1.17 on Friday. Houston American Energy Corp has a 52-week low of $1.01 and a 52-week high of $25.56. The stock’s 50 day moving average price is $1.38.

Houston American Energy (NYSEAMERICAN:AGIG) last released its earnings results on Friday, May 8th. The company reported ($0.13) EPS for the quarter. The business 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%.

Analysts Set New Price Targets

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