Houston American Energy (NYSEAMERICAN:AGIG) CEO Buys $12,200.00 in Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) CEO Edward Oliver Gillespie purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $1.22 per share, for a total transaction of $12,200.00. Following the purchase, the chief executive officer owned 163,258 shares in the company, valued at approximately $199,174.76. The trade was a 6.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Edward Oliver Gillespie also recently made the following trade(s):

• On Thursday, May 14th, Edward Oliver Gillespie purchased 13,000 shares of Houston American Energy stock. The stock was acquired at an average cost of $1.16 per share, for a total transaction of $15,080.00.
• On Tuesday, May 12th, Edward Oliver Gillespie purchased 8,220 shares of Houston American Energy stock. The stock was acquired at an average cost of $1.19 per share, for a total transaction of $9,781.80.

Houston American Energy Stock Performance

Shares of Houston American Energy stock remained flat at $1.17 during trading hours on Thursday. The stock had a trading volume of 97,923 shares, compared to its average volume of 863,399. Houston American Energy Corp has a twelve month low of $1.01 and a twelve month high of $25.56. The stock’s fifty day moving average price is $1.40.

Houston American Energy (NYSEAMERICAN:AGIG) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.13) 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 business had revenue of $0.13 million during the quarter.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on Houston American Energy in a research note on Tuesday, February 17th. They issued a “buy” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $6.00.

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 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.