Roth Capital Begins Coverage on Houston American Energy (NYSEAMERICAN:AGIG)

Equities researchers at Roth Capital began coverage on shares of Houston American Energy (NYSEAMERICAN:AGIG) in a report released on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $3.00 price target on the stock. Roth Capital‘s price objective would indicate a potential upside of 214.00% from the company’s current price.

Houston American Energy Trading Up 2.6%

Houston American Energy stock opened at $0.96 on Friday. The stock has a fifty day moving average price of $1.04 and a two-hundred day moving average price of $1.06. Houston American Energy has a 52-week low of $0.80 and a 52-week high of $6.70.

Houston American Energy (NYSEAMERICAN:AGIG) last issued its earnings results on Friday, August 7th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $1.96 million for the quarter.

Houston American Energy Company Profile

Houston American Energy Corporation is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of hydrocarbon properties. Its activities have historically focused on conventional oil and gas assets rather than refining, marketing or other downstream energy operations.

The company has pursued exploration and development opportunities in the United States, including properties in Texas and Louisiana, as well as selected international opportunities in South America.