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Tag: HUSA

  • Stock Corrections: Houston American Energy Corp. (HUSA)’s another Rally and another Downfall

    On April 14, Houston American Energy Corp. (HUSA) saw another upsurge which was soon followed by corrections in the after hours. It seems investors are trying to make some more profits from the stock.

    During the regular session, HUS shot up by 38.46% to reach $4.86 a share. Following this, the stock fell under corrections to reach $4.55 apiece in the after hours. Thus, the stock declined by 6.38% in the after-hours session.

    There is no official news or SEC filing from the company behind the latest upsurge.

    What has been happening with HUSA?

    Last month, the Russian invasion of Ukraine and increasing sanctions against the country caused a spike in oil prices. Oil prices went well over $100 per barrel to reach near all-time highs while other gas and other energy prices also saw an uptick. This resulted in increased enthusiasm toward oil and gas companies.

    While having been a relatively unknown stock, HUSA came under the light in the oil and gas rally. In meme-like sessions, the stock exploded and went from $2 per share to as much as $16 a share in a matter of days. But the huge uptrend was then followed by corrections and profit booking caused the stock to give back most of its gains. A major contributor to this was a pullback in oil prices. Crude oil has started going down and has dropped back to below $100 a barrel while its went as high as $126 a barrel.

    What Now?

    After shedding most of its gains, HUSA has been trading around the $3 price level recently. But it seems investors are not done with the stock yet. Remaining slightly bullish, the stock once again burst out on Friday to register some big gains. But like always, the gains were then followed by corrections in the after hours.

    Source: Anadolu Agency

    In the week ending April 22, oil prices are expected to be weighed down by supply disruptions in Libya and further reductions in the Russian oil supply. Hence, it is most likely that investors wanted to make some more gains from the stock before oil prices cause its shares to plunge down. Being a small, independent oil exploration and production company, HUSA’s operating performance relies heavily on crude oil and natural gas prices.

    Conclusion

    Investors in a race for making some more profits drove HUSA up on Friday before the market situation bring in some more woes for the company. With a further hit down expected at oil prices in the ongoing week, HUSA gave some gains to investors before succumbing to corrections in the after hours.

  • Houston American Energy Corp. (HUSA) Stock Rising in Pre-Market, What’s Happening.

    Houston American Energy Corp. (HUSA) Stock Rising in Pre-Market, What’s Happening.

    Houston American Energy Corp. (HUSA) is a company focused on the exploration and production of oil and gas. The company has its properties in the Permian Basin, the Gulf Coast Region, and Louisiana. It utilizes its skill in geology, and engineering of oil and gas to seek out and assess promising drilling opportunities. It had recognized the chance that existed for small-scale energy businesses to contribute to global and domestic ventures that held the potential for noteworthy revenues and production. It was incorporated in April 2001.

    Each of the company’s exploration ventures varies in scope and consists of different types of assets, such as leasehold positions, 3-D seismic stats, lease options, working interest in leases, collaboration or restricted liability company interest, or other mineral rights.

    The price of HUSA stock during regular trading on March 4, 2022, was $1.90 with a surge of 32.8%. At last check in the pre-market, the stock further rallied by 57.36%.

    HUSA: Key Financials

    HUSA released its unaudited and consolidated financial report for the three months ended September 30, 2021. Some of the key updates are discussed below.

    Revenue

    Revenue in the three months in 2021 was $0.29 million comparable to $0.12 million in the corresponding quarter of 2020. The company observed a gain of $0.16 million in its revenue over the year.

    EPS

    Basic and diluted net loss for the three months in 2021 was $0.35 million or $0.04 comparable to $0.26 million or $0.05 in the same period in 2020. The company observed an increase in its earnings over the year.

    Conclusion

    HUSA stock downplayed by 8% in the past year as the oil companies were hit hard during the pandemic due to the recession in the global economy. Recently, the company gained momentum in its stock price in regular trading as well as pre-market. The sole reason behind the hike is the Russian-Ukrainian conflict which impacted the stock price to rise without any press release from the company.

  • Early Morning Vibes: 4 Growth Stocks to Watch Right Now

    Early Morning Vibes: 4 Growth Stocks to Watch Right Now

    On January 28, American stock markets closed in the green zone. The S&P 500 index rose 0.98% to 3787 points, the NASDAQ gained 0.50%, the Dow Jones rose 0.99%. The rebound after the sale on the eve was caused by technical factors, as well as the publication of mostly positive macro statistics. All 11 sectors finished the session in positive territory. The finance sector showed outstripping growth by 1.92% due to the increase in the quotations of shares of payment systems and banks.

    Company news

    Comcast (CMCSA: + 6.6%) posted strong quarterly results thanks to continued strong demand for home internet. Some amusement parks have reached break-even points.

    MasterCard (MA: + 2.8%) quarterly EPS came in better than expected on a solid recovery in US earnings.

    Tesla’s revenue (TSLA: -3.3%) beat consensus expectations, but gross margin declined. The company’s forecast for the supply of electric vehicles in 2021 was weaker than analysts had predicted.

    Today world stock markets are showing negative dynamics. In the real economy, the news background remains calm, however, short squeezes in individual stocks continue to attract attention, causing concern among professional market participants.

    Risk appetite is highly variable. On the one hand, quarterly corporate results are mostly stronger than expected. Many support factors, including fiscal and monetary policy, an improvement in the epidemiological situation in the world, the emergence of new vaccines, remain relevant. In particular, Novavax today published positive test results for its drug.

    At the same time, hedge funds lock in positions to cover losses on short positions. In addition, market participants are avoiding risk by observing excess volatility and cautiously comparing the current situation to the stock market bubble before the dotcom crash. A significant risk is the spread of mutations in the coronavirus. The Novavax vaccine is only 49% effective against its South African strain. Thus, the market equilibrium appears to be fragile, so investors should be careful.

    The Freedom Finance Sentiment Index dropped to 68 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

    Technical picture

    Technically, the S&P 500 is prone to an upward movement in the medium term. Nevertheless, the short-term correction may continue, as the MACD indicator is in negative territory. Significant support is located at 3710 points, where the 50-day moving average lies. The medium-term outlook for the S&P 500 will worsen if it falls below 3630 points.

    Today Top Movers‎

    LM Funding America Inc (LMFA), a specialty finance company, soared about 86.67% ‎at $2.79 in pre-market ‎trading Friday.‎‎ The company declared the closing of a $103.5 million upsized initial public offering.

    ‎Genius Brands International Inc (GNUS) share price jumped 16.75% to $2.30 during early morning ‎trading session on ‎Friday.‎‎

    ‎Monopar Therapeutics Inc (MNPR) stock ascended 9.17% at $9.29 in the pre-‎market trading today.‎‎

    ‎Sundial Growers Inc (SNDL) gained over 14.34% at $0.94 in pre-market ‎trading on Friday.‎‎

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on Alliance Data Systems Corporation (ADS), upgrading the stock to “Equal-Weight” and assigning a $75 price target, representing a potential upside of 5.94% from Thursday’s close.

    SLM Corporation (SLM) has won the favor of RBC Capital’s equity research team. The firm upgraded the shares from Sector Perform to Outperform and moved their price target to $20, suggesting a 43.57% additional upside for the stock.

    Capri Holdings Limited (CPRI) received an upgrade from analysts at Baird, who also set their one-year price target on the stock to $58. They changed their rating on CPRI to Outperform from Neutral in a recently issued research note.

    Earlier Friday Jefferies reduced its rating on Golar LNG Partners LP (GMLP) stock to Hold from Buy and assigned the price target to $3.5. With shares trading at around $3.42, the Wall Street firm thinks Golar LNG Partners LP’s stock could add 2.34%.

    Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Safe Bulkers Inc. (SB) has been changed to Hold from Buy and the new price target is set at $1.8.

    Analysts at Morgan Stanley downgraded DXC Technology Co (DXC)’s stock to Equal Weight from Overweight Friday.

    Latest Insider Activity

    The Macerich Company (MAC) 10% Owner ONTARIO TEACHERS PENSION PLAN announced the sale of shares taking place on Jan 27 at $20.25 for some 24,562,964 shares. The total came to more than $497.37 million.

    Houston American Energy Corp. (HUSA) Director SCHOONOVER JAMES A sold on Jan 26 a total of 142,976 shares at $2.63 on average. The insider’s sale generated proceeds of almost $43960.

    Jefferies Financial Group Inc. (JEF) 10% Owner Jefferies Financial Group Inc. declared the purchase of shares taking place on Jan 12 at $10.00 for some 250,000 shares. The transaction amount was around $2.5 million.

    Alcoa Corporation (AA) Director Nevels James E bought on Jan 27 a total of 32,336 shares at $17.50 on average. The purchase cost the insider an estimated $7,000.

    Important Earnings

    Top US earnings releases scheduled for today include Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $7.75B in the three-month period.

    Analysts expect Synchrony Financial (NYSE:SYF) to report a net income (adjusted) of $0.91 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.55B.

    Chevron Corporation (CVX), due to announce earnings before the market opens today, is expected to report earnings of $0.07 per share from revenues of $26.2B recently concluded three-month period.

  • Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [NYSE: HUSA] is in an interesting zone right now. It was in a breakout two days ago, and while short sellers have tried to drive the price down, overall momentum remains bullish. At the moment, downside pressure is driven by a decline in demand for oil due to the COVID-19 pandemic. However, this is temporary as the world is inching closer to a vaccine. Once there is a breakthrough, the demand for oil and gas will rise, and Houston Energy is prepared for it. In early September, the company issued a statement that showed that it was investing in anticipation of an increase in demand. Among some of the oil and minerals, developments likely to play a role in its long-term value are as below.

    Completion of the Well in Yoakum County

    There have been some excavation activities at the Yoakum County, TX. The well called the Frost #2-H has been an ongoing project that is projected to have some promising outcome. Houston Energy expects the well to go on production starting this week. The company owns about 18.6% of the working interest in that well.

    Increasing Acreage in Hockley County, TX

    Houston also owns another mining area in Hockley County, TX. Recently, the company has increased this mining block to 6,336 acres up from 5,871 with Houston Energy owning a good 20% of the block. The company is now preparing to begin drilling operations that are set to begin around September 18, 2020. According to the operators’ projections, the depth of the well-drilled here will be about 10,500′ with a lateral length of about 5,224′. These are just the projected measurement to guide the drilling process.

    When the above factors are coupled with an increase in positive sentiments in equity markets, this stock could be one of the big gainers in the remainder of 2020, and possibly all through 2021.

    About Houston Energy Corp Inc

    Houston American Energy is an exploration and mining company based in Houston Texas. It deals with oil, natural gas, and minerals exploration and mining mainly on the Permian Basin, on the onshore Gulf Coast Region in Louisiana and Texas.

    The company also has contacts and concessions allowing them to operate in the South American country of Colombia. It was incorporated back in 2001 as an oil and gas exploration company dealing with both production and non-production assets. It has since been forming partnerships with other players in the industry in a bid to spread costs and maximize returns.