Houston American Energy (NYSEAMERICAN:AGIG) Issues Earnings Results

Houston American Energy (NYSEAMERICAN:AGIG) posted its earnings results on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.13 million for the quarter. Houston American Energy had a negative net margin of 2,941.75% and a negative return on equity of 126.83%.

Houston American Energy Stock Up 3.7%

AGIG stock opened at $1.13 on Friday. The stock has a market capitalization of $49.40 million, a PE ratio of -0.12 and a beta of 1.26. The stock’s 50-day moving average is $1.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. Houston American Energy has a 52 week low of $1.01 and a 52 week high of $25.56.

Analyst Ratings Changes

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