Houston American Energy (NYSEAMERICAN:AGIG) Director Peter Longo Purchases 10,000 Shares

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

Houston American Energy Stock Performance

Houston American Energy stock opened at $1.17 on Friday. The business has a 50-day simple moving average of $1.38. Houston American Energy Corp has a 52 week low of $1.01 and a 52 week high of $25.56.

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

Analyst Ratings Changes

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