Insider Buying: Houston American Energy (NYSEAMERICAN:AGIG) Director Buys $12,000.00 in Stock

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

Houston American Energy Trading Down 6.0%

Houston American Energy stock opened at $1.10 on Friday. The stock has a 50 day moving average price 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 posted its quarterly earnings results on Friday, May 8th. The company reported ($0.13) EPS for the quarter. The company had revenue of $0.13 million for the quarter. Houston American Energy had a negative return on equity of 102.72% and a negative net margin of 3,727.85%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Houston American Energy in a report on Tuesday, February 17th. They set a “buy” rating and a $6.00 price target for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Houston American Energy has an average rating of “Buy” and a consensus 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.