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

Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares traded up 2.3% during trading on Friday . The stock traded as high as $2.26 and last traded at $2.19. 379,179 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 285,704 shares. The stock had previously closed at $2.14.

Houston American Energy Trading Up 2.3%

The company has a market capitalization of $75.84 million, a P/E ratio of -0.24 and a beta of 1.02. The firm’s 50-day moving average price is $2.19 and its 200 day moving average price is $4.46. 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 issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. Houston American Energy had a negative return on equity of 123.57% and a negative net margin of 2,941.75%.The firm had revenue of $0.23 million during the quarter.

Hedge Funds Weigh In On Houston American Energy

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

About Houston American Energy

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.