Houston American Energy (NYSEAMERICAN:HUSA) Shares Up 2.3% – Still a Buy?
by Mitch Edgeman · The Markets DailyHouston American Energy Corporation (NYSEAMERICAN:HUSA – Get Free Report) shares were up 2.3% during mid-day trading on Tuesday . The company traded as high as $2.26 and last traded at $2.19. 379,179 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 693,362 shares. The stock had previously closed at $2.14.
Houston American Energy Price Performance
The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.19. The company has a market cap of $75.84 million, a price-to-earnings ratio of -0.24 and a beta of 1.02.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in shares of Houston American Energy during the 3rd quarter valued at about $790,000. Raymond James Financial Inc. increased its position in shares of Houston American Energy by 1,287,400.0% in the third quarter. Raymond James Financial Inc. now owns 25,750 shares of the company’s stock worth $160,000 after acquiring an additional 25,748 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Houston American Energy by 77.9% in the 1st quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock valued at $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.
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.