It holds interest in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region and in the South American country of Colombia. The company was founded on April 2, 2001 and is headquartered in Houston, TX. HUSA said it is exploring strategic options, including a possible sale. Shares surged about 23% to $1.29 in recent premarket trading.

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Top institutional investors include Group One Trading L.P. (0.00%), Belvedere Trading LLC (0.00%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%).

News

Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Sign-up to receive the latest news and ratings for Houston American Energy and its competitors with MarketBeat’s FREE daily newsletter. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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  • Houston American Energy’s stock is owned by a number of retail and institutional investors.
  • Houston American Energy Corporation does not currently have any recommendation from brokerage firms.

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© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Houston American Energy Corp. engages in the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Why Is MBIA (MBI) stock Stock Up 65% Today?

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Stock Price Targets

While Western sanctions against Russia have, so far, allowed the country’s energy trade to continue, most buyers are avoiding Russian products already. JPMorgan Chase says that 66% of Russian oil is struggling to find a buyer. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Houston American Energy’s stock is owned by a number of retail and institutional investors.

Why Camber Energy, Houston American Energy Corporation And Indonesia Energy Stock Are All Falling

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A short squeeze can occur when a heavily shorted stock rises in value instead of falling. HUSA stock finished trading March 4 at just $1.90. Shares had declined nearly 10% over the past year prior to today’s big move higher. Houston American Energy’s stock was trading at $2.28 at the start of the year. Since then, HUSA stock has decreased by 23.2% and is now trading at $1.75.

Director at Houston American Energy Acquires Company Stock Options Worth 20,000 Shares

Crude oil prices continue to climb thanks to supply chain disruptions and talk of a ban on Russian oil imports. 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. The company was founded in 2001 and is based in Houston, Texas. To see all exchange delays and terms of use, please see disclaimer. There is no specific news from the company that would move the share price upwards.

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And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. HUSA said the Securities and Exchange Commission is investigating possible securities violations and has subpoenaed its executives. Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.