Houston American Energy (NYSEAMERICAN:AGIG) Posts Earnings Results, Misses Estimates By $0.01 EPS

Houston American Energy (NYSEAMERICAN:AGIG) issued its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), FiscalAI reports. The firm had revenue of $2.32 million during the quarter.

Houston American Energy Stock Up 3.5%

Shares of Houston American Energy stock opened at $0.86 on Friday. The company has a 50 day moving average price of $1.03 and a 200 day moving average price of $1.27. Houston American Energy has a 52 week low of $0.80 and a 52 week high of $5.63.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research raised Houston American Energy to a “hold” rating in a research report on Monday, October 26th. Roth Capital began coverage on Houston American Energy in a research report on Friday, October 23rd. They set a “buy” rating and a $3.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

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.