Houston American Energy (NYSE:HUSA) Upgraded at StockNews.com

StockNews.com upgraded shares of Houston American Energy (NYSE:HUSA) to a sell rating in a research note released on Tuesday morning.

Houston American Energy Price Performance

Shares of NYSE:HUSA opened at $1.33 on Tuesday. Houston American Energy has a twelve month low of $1.27 and a twelve month high of $3.12. The stock’s 50 day moving average is $1.42 and its 200-day moving average is $1.72.

Hedge Funds Weigh In On Houston American Energy

A hedge fund recently raised its stake in Houston American Energy stock. Vanguard Group Inc. lifted its position in shares of Houston American Energy Corp. (NYSE:HUSA) by 3.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,752 shares of the company’s stock after purchasing an additional 14,690 shares during the quarter. Vanguard Group Inc. owned 3.55% of Houston American Energy worth $754,000 at the end of the most recent reporting period. 12.18% of the stock is currently owned by hedge funds and other institutional investors.

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 principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Texas and Louisiana Gulf Coast region.