Houston American Energy (NYSEAMERICAN:HUSA) Trading Up 2.3% – Time to Buy?

Houston American Energy Corporation (NYSEAMERICAN:HUSA)’s stock price shot up 2.3% during mid-day trading on Thursday . The stock traded as high as $2.26 and last traded at $2.19. 379,179 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 285,704 shares. The stock had previously closed at $2.14.

Houston American Energy Stock Performance

The business has a 50 day moving average of $2.74 and a 200 day moving average of $6.16. The firm has a market capitalization of $75.84 million, a price-to-earnings ratio of -0.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.38 and a quick ratio of 0.38.

Houston American Energy (NYSEAMERICAN:HUSA) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million for the quarter. Houston American Energy had a negative return on equity of 123.57% and a negative net margin of 2,941.75%.

Hedge Funds Weigh In On Houston American Energy

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in Houston American Energy in the third quarter valued at about $790,000. Jane Street Group LLC raised its stake in Houston American Energy by 77.9% during the first quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock worth $37,000 after acquiring an additional 21,167 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Houston American Energy by 1,287,400.0% in the third quarter. Raymond James Financial Inc. now owns 25,750 shares of the company’s stock worth $160,000 after acquiring an additional 25,748 shares during 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.