Houston American Energy (NYSEAMERICAN:AGIG) Coverage Initiated at Alliance Global Partners

Analysts at Alliance Global Partners initiated coverage on shares of Houston American Energy (NYSEAMERICAN:AGIG) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $6.00 price target on the stock. Alliance Global Partners’ target price would suggest a potential upside of 57.89% from the company’s previous close.

Houston American Energy Stock Up 32.4%

Houston American Energy stock opened at $3.80 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.38 and a debt-to-equity ratio of 0.38. Houston American Energy has a 12-month low of $1.36 and a 12-month high of $25.56.

Houston American Energy Company Profile

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 oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2021, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.