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Friday, September 29, 2023

Houston American Energy Corp. (HUSA): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Houston American Energy Corp. (HUSA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.89%, to $2.22. The Houston American Energy Corp. has recorded 2,969 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Houston American Energy Increases Interest in Colombian CPO-11 Project.

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Stocks Info

This AMEX-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Houston American Energy Corp. is $21.28M. A total of 0.53 million shares were traded on the day, compared to an average of 111.62K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HUSA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 2 BUYs and 1 SELLs from insiders. Insiders purchased 19,630 shares during that period but sold 4,630.

In the most recent transaction, SCHOONOVER JAMES A bought 15,000 shares of HUSA for 2.23 per share on May 18. After the transaction, the Director now owns 172,976 company shares. In a previous transaction on Nov 25, TERWILLIGER JOHN F sold 4,630 shares at 4.02 per share. HUSA shares that CEO and President owns now total 671,540.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HUSA in the last 3 months, the mean price target is $137.50 with high estimates of $137.50 and low estimates of $137.50. In terms of 52-week highs and lows, HUSA has a high of $4.82 and a low of $1.73.

As of this writing, HUSA has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HUSA’s latest balance sheet shows that the firm has $4.89M in Cash & Short Term Investments as of fiscal 2021. There were $268.92k in debt and $141.96k in liabilities at the time. Its Book Value Per Share was $1.21, while its Total Shareholder’s Equity was $10.31M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HUSA is Buy with a score of 0.00.

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