Houston American Energy (NYSEAMERICAN:HUSA) Stock Price Up 0.6% – Still a Buy?

Shares of Houston American Energy Corporation (NYSEAMERICAN:HUSA) traded up 0.6% during trading on Friday . The company traded as high as $5.16 and last traded at $5.00. 104,646 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 522,111 shares. The stock had previously closed at $4.97.

Houston American Energy Price Performance

The company’s fifty day moving average is $6.25 and its two-hundred day moving average is $8.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 30.86 and a current ratio of 30.86. The firm has a market cap of $172.40 million, a price-to-earnings ratio of -0.55 and a beta of 1.01.

Hedge Funds Weigh In On Houston American Energy

An institutional investor recently raised its position in Houston American Energy stock. Jane Street Group LLC raised its position in Houston American Energy Corporation (NYSEAMERICAN:HUSA) by 77.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,325 shares of the company’s stock after acquiring an additional 21,167 shares during the quarter. Jane Street Group LLC owned 0.31% of Houston American Energy worth $37,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.18% of the company’s stock.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.