Houston American Energy (NYSEAMERICAN:HUSA) Shares Up 2.3% – Still a Buy?

Shares of Houston American Energy Corporation (NYSEAMERICAN:HUSA) shot up 2.3% during mid-day trading on Tuesday . The company traded as high as $2.26 and last traded at $2.19. Approximately 379,179 shares changed hands during trading, a decline of 45% from the average session volume of 693,362 shares. The stock had previously closed at $2.14.

Houston American Energy Stock Up 2.3%

The firm’s fifty day moving average price is $2.19 and its 200-day moving average price is $2.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $75.84 million, a P/E ratio of -0.24 and a beta of 1.02.

Hedge Funds Weigh In On Houston American Energy

Several hedge funds have recently made changes to their positions in HUSA. Millennium Management LLC acquired a new position in Houston American Energy in the third quarter worth approximately $790,000. Raymond James Financial Inc. raised its position in Houston American Energy by 1,287,400.0% during the third quarter. Raymond James Financial Inc. now owns 25,750 shares of the company’s stock valued at $160,000 after buying an additional 25,748 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Houston American Energy by 77.9% in the first quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock worth $37,000 after purchasing an additional 21,167 shares in the last quarter. Institutional investors and hedge funds own 12.18% of the company’s stock.

Houston American Energy Company Profile

Houston American Energy Corp (NYSE: HUSA) is an independent energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties. The firm’s core focus lies in domestic U.S. resources, with an emphasis on the Permian Basin region across West Texas and southeastern New Mexico. Historically, Houston American has also pursued international opportunities, including interests in Yemen’s Block S-1 concession and the Halboun oil field in Jordan, though those ventures have been shaped by regional geopolitical challenges.

The company’s operational strategy centers on leveraging state-of-the-art seismic analysis and reservoir evaluation techniques to identify high-potential formations.