Edward Oliver Gillespie Acquires 10,000 Shares of Houston American Energy (NYSEAMERICAN:AGIG) Stock

Houston American Energy Corp (NYSEAMERICAN:AGIG) CEO Edward Oliver Gillespie acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $1.22 per share, with a total value of $12,200.00. Following the purchase, the chief executive officer owned 163,258 shares in the company, valued at approximately $199,174.76. The trade was a 6.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Edward Oliver Gillespie also recently made the following trade(s):

• On Thursday, May 14th, Edward Oliver Gillespie purchased 13,000 shares of Houston American Energy stock. The shares were bought at an average price of $1.16 per share, with a total value of $15,080.00.
• On Tuesday, May 12th, Edward Oliver Gillespie purchased 8,220 shares of Houston American Energy stock. The shares were bought at an average price of $1.19 per share, with a total value of $9,781.80.

Houston American Energy Stock Down 6.0%

Shares of AGIG stock opened at $1.10 on Friday. The business’s 50 day moving average is $1.36. Houston American Energy Corp has a 12-month low of $1.01 and a 12-month high of $25.56.

Houston American Energy (NYSEAMERICAN:AGIG) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. Houston American Energy had a negative return on equity of 102.72% and a negative net margin of 3,727.85%.The company had revenue of $0.13 million for the quarter.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Houston American Energy in a research note on Tuesday, February 17th. They set a “buy” rating and a $6.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $6.00.

Houston American Energy Company Profile

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.