Houston American Energy (NYSEAMERICAN:AGIG) Raised to “Hold” at Zacks Research

Houston American Energy (NYSEAMERICAN:AGIG) was upgraded by Zacks Research to a “hold” rating in a report issued on Monday, Zacks reports.

Separately, Roth Capital initiated coverage on Houston American Energy in a research report on Friday, October 23rd. They issued a “buy” rating and a $3.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Houston American Energy Stock Down 6.4%

Houston American Energy stock opened at $0.95 on Monday. Houston American Energy has a 1-year low of $0.80 and a 1-year high of $5.80. The company has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $1.29.

Houston American Energy (NYSEAMERICAN:AGIG) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.08) EPS for the quarter. The business had revenue of $1.96 million for the quarter. On average, equities analysts expect that Houston American Energy will post -0.35 earnings per share for the current fiscal year.

Houston American Energy Company Profile

Houston American Energy Corp. is an independent oil and natural gas company engaged in the acquisition, exploration, development, and production of hydrocarbon properties. The company’s activities have historically focused on acquiring working and other interests in oil and gas prospects rather than providing energy-related products or services directly to consumers.

Houston American Energy has historically pursued opportunities in the United States and South America, including properties and prospects in regions such as the Gulf Coast, the Permian Basin, and Colombia.