Houston American Energy (NYSEAMERICAN:AGIG) Issues Earnings Results

Houston American Energy (NYSEAMERICAN:AGIG) issued its quarterly earnings data on Friday. The company reported ($0.13) EPS for the quarter, FiscalAI reports. Houston American Energy had a negative net margin of 2,941.75% and a negative return on equity of 126.83%. The firm had revenue of $0.13 million during the quarter.

Houston American Energy Trading Up 3.7%

Shares of NYSEAMERICAN AGIG opened at $1.13 on Friday. The firm has a 50 day simple moving average of $1.60. Houston American Energy has a 1 year low of $1.01 and a 1 year high of $25.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84.

Analyst Upgrades and Downgrades

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