Houston American Energy (NYSE:HUSA) Shares Down 16.5%

Houston American Energy Corp. (NYSE:HUSA)’s share price was down 16.5% during mid-day trading on Tuesday . The stock traded as low as $1.91 and last traded at $1.93. Approximately 2,249,520 shares traded hands during trading, an increase of 390% from the average daily volume of 459,074 shares. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Houston American Energy to a “sell” rating in a research report on Tuesday, March 26th.

Houston American Energy Stock Performance

The stock has a market cap of $21.06 million, a P/E ratio of -6.43 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 16.73 and a quick ratio of 16.73. The firm’s 50-day moving average price is $1.44 and its 200-day moving average price is $1.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Houston American Energy stock. Vanguard Group Inc. lifted its holdings in Houston American Energy Corp. (NYSE:HUSA) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 395,598 shares of the company’s stock after purchasing an additional 8,846 shares during the quarter. Vanguard Group Inc. owned 3.63% of Houston American Energy worth $708,000 at the end of the most recent quarter. 12.18% of the stock is currently owned by institutional investors and hedge funds.

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 principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Texas and Louisiana Gulf Coast region.