Houston American Energy (NYSEAMERICAN:AGIG) CEO Buys $15,080.00 in Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) CEO Edward Oliver Gillespie acquired 13,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $1.16 per share, with a total value of $15,080.00. Following the transaction, the chief executive officer directly owned 176,258 shares in the company, valued at approximately $204,459.28. This represents a 7.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Edward Oliver Gillespie also recently made the following trade(s):

• On Wednesday, May 13th, Edward Oliver Gillespie acquired 10,000 shares of Houston American Energy stock. The stock was acquired at an average cost of $1.22 per share, with a total value of $12,200.00.
• On Tuesday, May 12th, Edward Oliver Gillespie acquired 8,220 shares of Houston American Energy stock. The stock was acquired at an average cost of $1.19 per share, with a total value of $9,781.80.

Houston American Energy Price Performance

Shares of Houston American Energy stock remained flat at $1.17 during trading on Thursday. The stock had a trading volume of 97,923 shares, compared to its average volume of 863,399. Houston American Energy Corp has a 52-week low of $1.01 and a 52-week high of $25.56. The business’s fifty day simple moving average is $1.40.

Houston American Energy (NYSEAMERICAN:AGIG) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.13) EPS 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 firm had revenue of $0.13 million for the quarter.

Analysts Set New Price Targets

Separately, Alliance Global Partners started coverage on Houston American Energy in a research 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, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.