HNRC Continues Aggressive Growth
Houston Natural Resources Corp. (OTC: HNRC) reported a remarkable growth trajectory, achieving over 200% revenue increase to $9,523,634 and a net income rise of 300% to $2,973,320 since 2018. The company projects combined revenues of $23 million and earnings of $12 million in the upcoming year. With a projected earnings per share of $0.77 compared to $0.19 in 2020, HNRC anticipates strong contributions from new equipment and acquisitions. The company aims to leverage a diversified asset portfolio worth $9.67 per share and plans an up-listing to OTCQX or a major exchange.
- Revenue increased by more than 200% to $9,523,634.
- Net income grew by over 300% to $2,973,320.
- Projected total combined revenues of $23 million with $12 million in earnings.
- Earnings per share expected to rise to $0.77 from $0.19 in 2020.
- Anticipating acquisition with at least $100 million in revenue.
- None.
HOUSTON, July 28, 2021 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") continues its aggressive growth in 2021 with projections to substantially increase revenues and earnings over the next three years.
The company's revenues have increased by more than
The company projects total combined revenues of
According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, as of July 26,2021, is between 8x and 14x forward earnings. This would imply a target value for HNRC of
The Street Now has initiated coverage of the company with a strong buy recommendation.
The Company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least
The Company's management team is well positioned to identify attractive risk-adjusted returns in the marketplace through their contacts and transaction sources, ranging from industry executives, private owners, private equity funds, and investment bankers. Our management believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.
The Company intends to focus on realizing the value on the total of
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. HNRC anticipates up listing onto OTCQX or major exchange. The company is preparing an SEC filing to become an SEC reporting company.
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
Houston Texas USA
757-707-4563
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SOURCE Houston Natural Resources Corp.
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