Key Points
- Houston American Energy CEO Edward Oliver Gillespie bought 13,000 shares on May 14 at an average price of $1.16, worth about $15,080. The purchase increased his direct holdings to 176,258 shares.
- Gillespie has been actively buying shares over several days, including purchases of 10,000 shares on May 13 and 8,220 shares on May 12. The recent buys suggest ongoing insider confidence in the stock.
- The company recently reported a quarterly loss of $0.13 per share on just $0.13 million in revenue, with deeply negative margins and return on equity. Despite that, Alliance Global Partners maintains a Buy rating and a $6 price target.
Houston American Energy Corp (NYSEAMERICAN:AGIG - Get Free Report) Director Robert Bailey bought 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $1.20 per share, for a total transaction of $12,000.00. Following the completion of the purchase, the director directly owned 105,875 shares in the company, valued at approximately $127,050. This represents a 10.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Houston American Energy Price Performance
AGIG opened at $1.17 on Friday. Houston American Energy Corp has a one year low of $1.01 and a one year high of $25.56. The firm's fifty day moving average price is $1.38.
Houston American Energy (NYSEAMERICAN:AGIG - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported ($0.13) EPS for the quarter. The business had revenue of $0.13 million for the quarter. Houston American Energy had a negative return on equity of 102.72% and a negative net margin of 3,727.85%.
Analysts Set New Price Targets
Separately, Alliance Global Partners began 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $6.00.
View Our Latest Stock Analysis on Houston American Energy
Houston American Energy Company Profile
(
Get Free Report)
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.
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