Houston American Energy (NYSE:HUSA) Shares Up 2.4% - What's Next?

Key Points

• Shares of Houston American Energy Corp. (NYSE:HUSA) increased by 2.4% during mid-day trading, reaching a high of $8.56 before closing at $8.43.
• The company reported a significant institutional investment with Jane Street Group LLC increasing its holdings by 77.9%, owning a total of 48,325 shares.
• Houston American Energy operates primarily in the Texas Permian Basin, Colombia, and the onshore Louisiana Gulf Coast region, focusing on natural gas and crude oil production.

Houston American Energy Corp. (NYSE:HUSA - )'s share price shot up 2.4% during mid-day trading on Tuesday . The stock traded as high as $8.56 and last traded at $8.43. 169,476 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 611,786 shares. The stock had previously closed at $8.23.

Houston American Energy Stock Performance

The company has a quick ratio of 10.46, a current ratio of 10.46 and a debt-to-equity ratio of 0.01. The stock has a market cap of $285.29 million, a price-to-earnings ratio of -26.34 and a beta of 0.89. The company's 50-day simple moving average is $10.14 and its 200-day simple moving average is $9.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Houston American Energy stock. Jane Street Group LLC boosted its holdings in Houston American Energy Corp. (NYSE:HUSA - Free Report) by 77.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,325 shares of the company's stock after buying an additional 21,167 shares during the quarter. Jane Street Group LLC owned 0.31% of Houston American Energy worth $37,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.18% of the company's stock.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.

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