Houston American Energy (NYSE:HUSA) Shares Down 16.5%

Houston American Energy Corp. (NYSE:HUSA) shares dropped 16.5% on Tuesday . The company traded as low as $1.91 and last traded at $1.93. Approximately 2,249,520 shares traded hands during mid-day trading, an increase of 390% from the average daily volume of 459,074 shares. The stock had previously closed at $2.31.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Houston American Energy to a “sell” rating in a research note on Tuesday, March 26th.

Houston American Energy Trading Down 16.5 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 16.73 and a quick ratio of 16.73. The firm’s 50 day moving average is $1.44 and its 200 day moving average is $1.68. The company has a market capitalization of $21.06 million, a PE ratio of -6.43 and a beta of 0.59.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Houston American Energy stock. Vanguard Group Inc. raised its stake in shares of Houston American Energy Corp. (NYSE:HUSA) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,752 shares of the company’s stock after purchasing an additional 14,690 shares during the quarter. Vanguard Group Inc. owned approximately 3.55% of Houston American Energy worth $754,000 at the end of the most recent reporting period. 12.18% of the stock is owned by hedge funds and other institutional investors.

About Houston American Energy

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.