Houston American Energy (NYSEAMERICAN:AGIG) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Houston American Energy (NYSEAMERICAN:AGIG) to a hold rating in a research note published on Monday morning,Zacks reports.

Separately, Roth Capital initiated coverage on Houston American Energy in a report on Friday, October 23rd. They set a “buy” rating and a $3.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Houston American Energy Price Performance

Shares of AGIG opened at $0.95 on Monday. The company’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.29. Houston American Energy has a 1 year low of $0.80 and a 1 year high of $5.80.

Houston American Energy (NYSEAMERICAN:AGIG) last released its earnings results on Friday, August 7th. The company reported ($0.08) EPS for the quarter. The business had revenue of $1.96 million for the quarter. Sell-side analysts predict that Houston American Energy will post -0.35 earnings per share for the current year.

About Houston American Energy

Houston American Energy Corp. is an independent oil and natural gas company engaged in the acquisition, exploration, development, and production of hydrocarbon properties. The company’s activities have historically focused on acquiring working and other interests in oil and gas prospects rather than providing energy-related products or services directly to consumers.

Houston American Energy has historically pursued opportunities in the United States and South America, including properties and prospects in regions such as the Gulf Coast, the Permian Basin, and Colombia.