Houston American Energy (NYSEAMERICAN:HUSA) Trading Up 2.3% – What’s Next?

Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares rose 2.3% during trading on Wednesday . The company traded as high as $2.26 and last traded at $2.19. Approximately 379,179 shares changed hands during trading, an increase of 33% from the average daily volume of 285,704 shares. The stock had previously closed at $2.14.

Houston American Energy Trading Up 2.3%

The firm has a market capitalization of $75.84 million, a P/E ratio of -0.24 and a beta of 1.02. The business’s 50 day moving average is $3.81 and its two-hundred day moving average is $7.35. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.37.

Houston American Energy (NYSEAMERICAN:HUSA) last released its earnings results on Wednesday, November 19th. The company reported ($0.21) EPS for the quarter. The company had revenue of $0.23 million for the quarter. Houston American Energy had a negative net margin of 2,941.75% and a negative return on equity of 123.57%.

Institutional Investors Weigh In On Houston American Energy

A number of institutional investors have recently added to or reduced their stakes in HUSA. Millennium Management LLC acquired a new position in shares of Houston American Energy during the 3rd quarter valued at $790,000. Raymond James Financial Inc. boosted its stake in Houston American Energy by 1,287,400.0% during the third quarter. Raymond James Financial Inc. now owns 25,750 shares of the company’s stock valued at $160,000 after buying an additional 25,748 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Houston American Energy by 77.9% during the first quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock worth $37,000 after acquiring an additional 21,167 shares during the period. 12.18% of the stock is currently owned by institutional investors and hedge funds.

Houston American Energy Company Profile

Houston American Energy Corp (NYSE: HUSA) is an independent energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties. The firm’s core focus lies in domestic U.S. resources, with an emphasis on the Permian Basin region across West Texas and southeastern New Mexico. Historically, Houston American has also pursued international opportunities, including interests in Yemen’s Block S-1 concession and the Halboun oil field in Jordan, though those ventures have been shaped by regional geopolitical challenges.

The company’s operational strategy centers on leveraging state-of-the-art seismic analysis and reservoir evaluation techniques to identify high-potential formations.