Houston American Energy (NYSEAMERICAN:HUSA) Stock Price Up 2.3% – Here’s What Happened

Houston American Energy Corporation (NYSEAMERICAN:HUSA) traded up 2.3% during trading on Friday . The company traded as high as $2.26 and last traded at $2.19. 379,179 shares traded hands during 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 company’s 50-day moving average is $2.19 and its two-hundred day moving average is $5.33. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.37. The company has a market cap of $75.84 million, a P/E ratio of -0.24 and a beta of 1.02.

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

Hedge Funds Weigh In On Houston American Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its position in Houston American Energy by 77.9% in the first quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock worth $37,000 after buying an additional 21,167 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Houston American Energy by 1,287,400.0% during the 3rd 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 period. Finally, Millennium Management LLC bought a new position in shares of Houston American Energy during the 3rd quarter worth $790,000. 12.18% of the stock is owned by institutional investors.

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.