Peter Longo Buys 10,000 Shares of Houston American Energy (NYSEAMERICAN:AGIG) Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) Director Peter Longo bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $1.20 per share, for a total transaction of $12,000.00. Following the completion of the purchase, the director directly owned 108,916 shares in the company, valued at approximately $130,699.20. This represents a 10.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Houston American Energy Price Performance

Shares of AGIG opened at $1.10 on Friday. The stock has a 50 day simple moving average of $1.36. Houston American Energy Corp has a fifty-two week low of $1.01 and a fifty-two week high of $25.56.

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

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on shares of Houston American Energy in a research report on Tuesday, February 17th. They issued a “buy” rating and a $6.00 price target for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Houston American Energy currently has a consensus rating of “Buy” and a consensus price target of $6.00.

About Houston American Energy

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.