Houston American Energy (NYSE:HUSA) Stock Price Down 4.1% - Time to Sell?

Key Points

• Houston American Energy Corp. (NYSE:HUSA) experienced a decline of 4.1% in trading, with shares falling to a low of $10.10 before closing at $10.29.
• Recent hedge fund activity indicated mixed interest, with Jane Street Group LLC and XTX Topco Ltd increasing their stakes, while 12.18% of the company's stock is held by institutional investors.
• The company has a market capitalization of $348.23 million, with key financial ratios such as a P/E ratio of -32.16 and a healthy current ratio of 10.46.

Houston American Energy Corp. (NYSE:HUSA - Get Free Report)'s stock price dropped 4.1% during mid-day trading on Monday . The stock traded as low as $10.10 and last traded at $10.29. Approximately 80,262 shares changed hands during trading, a decline of 88% from the average daily volume of 659,511 shares. The stock had previously closed at $10.73.

Houston American Energy Stock Performance

The firm's 50 day simple moving average is $10.94 and its 200-day simple moving average is $9.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.46 and a current ratio of 10.46. The company has a market capitalization of $325.90 million, a price-to-earnings ratio of -30.09 and a beta of 0.79.

Hedge Funds Weigh In On Houston American Energy

Several hedge funds have recently bought and sold shares of HUSA. Geode Capital Management LLC boosted its holdings in Houston American Energy by 28.2% during the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company's stock valued at $158,000 after acquiring an additional 26,897 shares during the period. XTX Topco Ltd raised its position in Houston American Energy by 79.9% in the fourth quarter. XTX Topco Ltd now owns 30,809 shares of the company's stock worth $40,000 after purchasing an additional 13,688 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Houston American Energy in the fourth quarter worth about $35,000. 12.18% of the stock is owned by institutional investors and hedge funds.

About Houston American Energy

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.