Houston American Energy (NYSE:HUSA) Stock Price Down 16.5%

Houston American Energy Corp. (NYSE:HUSA) was down 16.5% on Tuesday . The company traded as low as $1.91 and last traded at $1.93. Approximately 2,249,520 shares traded hands during trading, an increase of 390% from the average daily volume of 459,074 shares. The stock had previously closed at $2.31.

Analyst Ratings Changes

Separately, StockNews.com raised Houston American Energy to a “sell” rating in a research report on Tuesday, March 26th.

Houston American Energy Price Performance

The stock has a market capitalization of $17.84 million, a P/E ratio of -5.45 and a beta of 0.59. The firm has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.68. The company has a quick ratio of 16.73, a current ratio of 16.73 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Houston American Energy stock. Vanguard Group Inc. grew its holdings in Houston American Energy Corp. (NYSE:HUSA) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,752 shares of the company’s stock after acquiring an additional 14,690 shares during the period. Vanguard Group Inc. owned 3.55% of Houston American Energy worth $754,000 as of its most recent SEC filing. 12.18% of the stock is owned by hedge funds and other institutional investors.

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 principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Texas and Louisiana Gulf Coast region.