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

Houston American Energy Corp (NYSEAMERICAN:AGIG) Director Robert Bailey acquired 10,000 shares of Houston American Energy stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $1.20 per share, with a total value of $12,000.00. Following the completion of the transaction, the director directly owned 105,875 shares in the company, valued at $127,050. This represents a 10.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Houston American Energy Price Performance

NYSEAMERICAN:AGIG 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 company has a 50-day moving average price of $1.38.

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

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on Houston American Energy in a research note on Tuesday, February 17th. They set 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.