Houston American Energy (NYSEAMERICAN:AGIG) Releases Earnings Results

Houston American Energy (NYSEAMERICAN:AGIG) posted its quarterly earnings results on Monday. The company reported ($0.24) EPS for the quarter, FiscalAI reports. Houston American Energy had a negative net margin of 2,941.75% and a negative return on equity of 124.26%. The business had revenue of $0.18 million during the quarter.

Houston American Energy Stock Down 2.0%

Shares of AGIG stock opened at $1.47 on Wednesday. The firm has a market cap of $50.91 million, a P/E ratio of -0.16 and a beta of 1.03. Houston American Energy has a 1 year low of $1.36 and a 1 year high of $25.56. The company has a quick ratio of 0.38, a current ratio of 0.37 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

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

About Houston American Energy

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.