Houston American Energy (NYSEAMERICAN:AGIG) Issues Quarterly Earnings Results

Houston American Energy (NYSEAMERICAN:AGIG) released its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01), FiscalAI reports. The firm had revenue of $2.32 million for the quarter.

Houston American Energy Trading Up 3.5%

Shares of NYSEAMERICAN:AGIG traded up $0.03 during trading on Friday, reaching $0.86. The stock had a trading volume of 40,563 shares, compared to its average volume of 80,782. Houston American Energy has a 52 week low of $0.80 and a 52 week high of $5.63. The firm’s fifty day moving average is $1.03 and its 200 day moving average is $1.27.

Analysts Set New Price Targets

AGIG has been the subject of several analyst reports. Roth Capital started coverage on Houston American Energy in a research report on Friday, October 23rd. They set a “buy” rating and a $3.00 target price for the company. Zacks Research raised Houston American Energy to a “hold” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

Houston American Energy Company Profile

Houston American Energy Corp. is an independent oil and natural gas company engaged in the acquisition, exploration, development, and production of hydrocarbon properties. The company’s activities have historically focused on acquiring working and other interests in oil and gas prospects rather than providing energy-related products or services directly to consumers.

Houston American Energy has historically pursued opportunities in the United States and South America, including properties and prospects in regions such as the Gulf Coast, the Permian Basin, and Colombia.