November 18, 2016 - By Pete Kolinski · 0 Comments
Houston American Energy Corp (NYSEMKT:HUSA) institutional sentiment is 0.5 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as only 3 investment managers increased or opened new equity positions, while 6 decreased and sold their equity positions in Houston American Energy Corp. The investment managers in our partner’s database reported: 3.80 million shares, down from 4.18 million shares in 2016Q1. Also, the number of investment managers holding Houston American Energy Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 2 Increased: 2 New Position: 1.
Houston American Energy Corp. is an independent gas and oil firm focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties in the United States Gulf Coast region and in South America. The company has a market cap of $8.21 million. The Company’s gas and oil assets and activities are primarily in Colombia and in the onshore Gulf Coast region, particularly Texas and Louisiana. It currently has negative earnings. The Company, along with its partners, manages its resources through acquisitions and divestitures.
About 36,513 shares traded hands. Houston American Energy Corporation (NYSEMKT:HUSA) has declined 15.79% since April 18, 2016 and is downtrending. It has underperformed by 20.22% the S&P500.
According to Zacks Investment Research, “HOUSTON AMERICAN ENERGY CORP. is an oil and gas exploration and production company. The firm’s oil and gas exploration and production activities are focused on properties in the U.S. onshore Gulf Coast Region, principally Texas and Louisiana, and on the development of concessions in the South American country of Colombia. The company generally seek to form partnerships and joint ventures to spread the cost and risks of drilling while maximizing its potential returns. Since the Company’s inception it has focused on maintaining a low overhead while utilizing the expertise and knowledge of outside consultants and industry partners on an as needed basis. Generally speaking each of their exploration projects differs in scope and character and consists of one or more types of assets, such as 3-D seismic data, leasehold positions, lease options, working interest in leases, partnership or limited liability company interest or other mineral rights.”
Benchmark Capital Advisors holds 0.29% of its portfolio in Houston American Energy Corporation for 1.62 million shares. Bank Of America Corp De owns 190 shares or 0% of their US portfolio. Moreover, Barclays Plc has 0% invested in the company for 38 shares. The Delaware-based Blackrock Advisors Llc has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 7,402 shares.#img1#
Houston American Energy Corp., incorporated on April 2, 2001, is an independent gas and oil firm focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties in the United States Gulf Coast region and in South America. The Company’s gas and oil assets and activities are primarily in Colombia and in the onshore Gulf Coast region, particularly Texas and Louisiana. The Company, along with its partners, manages its resources through acquisitions and divestitures. The Company’s exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in South America, particularly Colombia, and in the onshore Texas Gulf Coast region and Louisiana.
More notable recent Houston American Energy Corporation (NYSEMKT:HUSA) news were published by: Prnewswire.com which released: “Houston American Energy Corp Announces Notification of Continued NYSE MKT …” on September 27, 2016, also Prnewswire.com with their article: “Houston American Energy Corp. Announces Hiring of Investment Banker to Assist …” published on June 13, 2016, Bizjournals.com published: “Houston energy company’s CEO resigns as part of SEC settlement” on April 29, 2015. More interesting news about Houston American Energy Corporation (NYSEMKT:HUSA) were released by: Prnewswire.com and their article: “Houston American Energy Corp Provides Update and Announces Plans to Seek …” published on May 16, 2016 as well as Prnewswire.com‘s news article titled: “Houston American Energy Corp Announces Agreement to Purchase a 12.5% Interest …” with publication date: February 24, 2016.
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By Pete Kolinski