Bullish Indicators HNRC Is A Strong Buy

Houston Natural Resources Corp. (OTC: HNRC) is rated a Strong Buy according to Investing.com, with 11 buy recommendations and only 1 sell based on five-hour Technical Indicators.

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Rhea-AI Sentiment

(Very Positive)How Sentiment works

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Rhea-AI Summary

Houston Natural Resources Corp. (OTC: HNRC) is rated a Strong Buy according to Investing.com, with 11 buy recommendations and only 1 sell based on five-hour Technical Indicators. The company's market capitalization is projected to exceed $50 million with a minimum bid price of $4.00 per share. HNRC forecasts total revenues of $23 million and earnings of $12 million for the fiscal year ending December 31, 2021. Target stock values are estimated between $6.16 and $10.78 per share, aligning with potential listing on NYSE or NASDAQ in Q4 2021.

Positive

Strong Buy rating from Investing.com.
Projected market capitalization exceeding $50 million.
Estimated total revenues of $23 million for 2021.
Target stock values between $6.16 and $10.78 per share based on forward earnings.

Negative

None.

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06/23/2021 - 11:50 AM EDT

HOUSTON, June 23, 2021 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") is considered a Strong Buy as reported on Investing.com.

HNRC is considered a Strong Buy, based on five-hour technical Moving Averages, with 11 Buy recommendations and 1 Sell recommendation.

HNRC is considered a Strong Buy, based on five-hour Technical Indicators, with 8 Buy recommendations and 1 Sell recommendation.

HNRC Technical Analysis
5 Hours

Summary:	STRONG BUY

Moving Averages:	STRONG BUY	Buy (11)	Sell (1)
Technical Indicators:	STRONG BUY	Buy (8)	Sell (0)

Investing.com, June 22,2021

The Company anticipates reaching a Market Capitalization in excess of $50 million dollars, with a minimum bid price of $4.00 per share, in addition to meeting all the other minimum requirements for the NASDAQ or NYSE listing.

The Company has previously announced that it intends to focus on realizing the value on the total of $9.67 per share in assets held by its subsidiaries for the benefit of the shareholders.

The company projects total combined revenues of $23 million and $12 million in earnings for the year ending December 31, 2021. The forward earnings per share are projected to be $0.77c per share. According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, between 8x and 14x forward earnings. This would imply a target value for HNRC of $6.16 per share and $10.78 per share.

The company projects it will meet the NYSE or NASDAQ listing requirements providing for it to trade on either of the exchanges in the fourth quarter of 2021.

HNRC is a diversified holding company that has two subsidiaries, Houston Natural Resources, Inc ("HNRI") and Worldwide Diversified Holdings, Inc ("WDHI"). HNRI owns oil and gas properties and a waste-water treatment plant. WDHI has business operations that provide products & services in the Information Technology & Healthcare markets.

About Houston Natural Resources Corp

Houston Natural Resources Corp (www.HoustonNaturalResources.com) (OTC:HNRC). The Company is dedicated to increasing shareholder value through developing natural resources with state-of-the-art innovative technologies in tandem with sustainable environmental services of toxic oil field waste disposal and recycling that are environmentally safe and socially responsible.

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in information technology and healthcare.

FORWARD-LOOKING STATEMENTS:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

Contact:

Houston Natural Resources Corp.
E-mail: frank@HoustonNaturalResources.com
757-707-4563
Houston Texas USA.

View original content:http://www.prnewswire.com/news-releases/bullish-indicators-hnrc-is-a-strong-buy-301318587.html

SOURCE Houston Natural Resources Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is HNRC's current stock rating?

HNRC is currently rated a Strong Buy according to Investing.com.

What are HNRC's projected revenues for 2021?

HNRC projects total revenues of $23 million for the year ending December 31, 2021.

What is HNRC's anticipated market capitalization?

The company anticipates reaching a market capitalization in excess of $50 million.

When does HNRC plan to list on NYSE or NASDAQ?

HNRC projects to meet listing requirements for NYSE or NASDAQ by Q4 2021.

What is the target stock value for HNRC?

The target value for HNRC is estimated between $6.16 and $10.78 per share based on forward earnings.

Bullish Indicators HNRC Is A Strong Buy