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

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

Houston American Energy Trading Up 3.5%

NYSEAMERICAN:AGIG traded up $0.03 during midday trading on Friday, reaching $0.86. The company had a trading volume of 40,563 shares, compared to its average volume of 80,782. Houston American Energy has a 12-month low of $0.80 and a 12-month high of $5.63. The stock’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.27.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Roth Capital assumed coverage on shares of Houston American Energy in a research note on Friday, October 23rd. They set a “buy” rating and a $3.00 price target on the stock. Zacks Research raised shares of Houston American Energy to a “hold” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

About Houston American Energy

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.