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Houston Natural Resources Corp. (OTC: HNRC) is targeting an up listing to NYSE or NASDAQ by Q4 2021, anticipating a market cap exceeding $50 million and a minimum bid price of $4.00 per share. The company expects total revenues of $23 million and earnings of $12 million for the year ending December 31, 2021, with forward earnings per share projected at $0.77. HNRC aims to realize assets worth $9.67 per share for shareholders.
Houston Natural Resources Corp. (OTC: HNRC) has experienced a significant stock price increase of 91% over the past two weeks, rising from $1.25 on May 24, 2021, to $2.39 by June 4, 2021. The current market capitalization stands at $36.8 million, with assets valued at $9.67 per share. The company's subsidiaries have proven reserves appraised at $69 million and equipment worth $7.6 million. HNRC aims to pursue $100 million in acquisitions and projects total revenues of $23 million and earnings of $12 million for 2021.
Houston Natural Resources Corp. (OTC: HNRC) aims to acquire up to $100 million in oil and gas assets through its subsidiary HNRI. These acquisitions could increase HNRI's appraised value of $69 million in proven reserves, raising its value to over $6 per share. The company anticipates combined revenues of $23 million and earnings of $12 million for the year ending December 31, 2021, projecting earnings per share at $0.77. HNRC is also preparing for an SEC filing to become an SEC reporting company.
Houston Natural Resources Corp. (OTC: HNRC) has confirmed assets valued at $9.67 per share, with a net asset value of $4.71 per share as of March 31, 2021. Its subsidiary, Houston Natural Resources, Inc. (HNRI), has proven reserves worth $69 million, equating to $4.47 per share. HNRC projects combined revenues of $23 million and earnings of $12 million for the year ending December 31, 2021, with per share earnings expected at $0.77. The company aims to boost shareholder value and plans for potential asset sales and dividends.
Houston Natural Resources Corp. (OTC: HNRC) reported a record net profit increase of 47%, reaching $870,279 on revenues of $2,518,986 for Q1 2021. Net assets rose by 34% to $72,616,087, with a net asset value of $4.71 per share. The company has acquired approximately 2,800 acres of oil and gas leases in Texas, valued at $69 million. HNRC’s subsidiary, HNR Oil Services LLC, has generated over $400,000 in revenue and projects $15 million in revenues by year-end, while overall projections for 2021 estimate combined revenues of $23 million and earnings of $12 million.
HOUSTON, May 12, 2021 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) announced its subsidiaries are targeting strategic acquisitions. Houston Natural Resources, Inc aims to acquire producing oil and gas properties in the U.S., capitalizing on a projected $100 billion in asset sales from major oil companies like ExxonMobil and Chevron. Worldwide Diversified Holdings, Inc focuses on technology sector acquisitions, anticipating substantial liquidity as Baby Boomers exit their businesses. A transaction worth at least $50 million in revenue is expected by Q4 2021.
Houston Natural Resources Corp. (OTC: HNRC) announced financing of $300,000 for its wholly-owned subsidiary, HNR Oil Services, LLC. This investment will enable a more than threefold increase in operating capacity at its YO Ranch SWD processing facility, allowing disposal of up to 25,000 barrels per day of oil field wastewater.
Projected monthly revenues are expected to exceed $300,000, with net operating income estimated at $225,000. The company aims to expand its operations by adding four more facilities in oil and gas producing regions over the next five years.
Houston Natural Resources Corp. (OTC: HNRC) reported record growth for the year ending December 31, 2020. Net assets rose by 34% to $72.5 million, with revenues surging 214% to $9.5 million. The company achieved net earnings of $2.97 million, a significant increase from the previous year's $31,694. HNRC plans to up-list to OTCQX or a major exchange and is preparing for SEC reporting. Additionally, the company acquired oil and gas leases in Texas valued at $69 million and projects $23 million in total revenues for 2021.