Peter Longo Purchases 10,000 Shares of Houston American Energy (NYSEAMERICAN:AGIG) Stock

Houston American Energy Corp (NYSEAMERICAN:AGIGGet Free Report) Director Peter Longo bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $1.20 per share, with a total value of $12,000.00. Following the completion of the purchase, the director owned 108,916 shares of the company’s stock, valued at approximately $130,699.20. The trade was a 10.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Houston American Energy Price Performance

Shares of AGIG stock remained flat at $1.17 during trading hours on Thursday. 97,923 shares of the stock were exchanged, compared to its average volume of 863,405. Houston American Energy Corp has a 12 month low of $1.01 and a 12 month high of $25.56. The company has a fifty day simple moving average of $1.38.

Houston American Energy (NYSEAMERICAN:AGIGGet Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.13) earnings per share 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 company had revenue of $0.13 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $6.00.

Check Out Our Latest Research Report on Houston American Energy

About Houston American Energy

(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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