Robert Bailey Buys 10,000 Shares of Houston American Energy (NYSEAMERICAN:AGIG) Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) Director Robert Bailey bought 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $1.20 per share, for a total transaction of $12,000.00. Following the transaction, the director owned 105,875 shares of the company’s stock, valued at approximately $127,050. This trade represents a 10.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Houston American Energy Trading Down 6.0%

Shares of NYSEAMERICAN AGIG opened at $1.10 on Friday. The firm has a 50-day moving average of $1.36. 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 (EPS) for the quarter. Houston American Energy had a negative net margin of 3,727.85% and a negative return on equity of 102.72%. The company had revenue of $0.13 million during the quarter.

Analyst Ratings Changes

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