HOUSTON NAT RES CORP - HNRC STOCK NEWS

Houston Natural Resources Corp. (OTC: HNRC) reported a robust debt-to-equity ratio of less than 2%, positioning it favorably for future acquisitions in the oil sector, where the industry’s threshold is around 40%. The company's net asset value is $4.71 per share, with proven reserves valued at $69 million. HNRC's subsidiaries hold assets totaling $9.67 per share, prompting plans for asset sales and potential dividends. With a target valuation of $6.16 to $10.78 per share based on industry metrics, HNRC aims for an up-listing to OTCQX or a major exchange.

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.

Houston Natural Resources Corp. (OTC: HNRC) has announced its subsidiary is pursuing acquisitions of producing oil and gas properties amid the industry's sales exceeding $140 Billion. The company anticipates a transaction generating at least $100 million in revenue by Q3 or Q4 2021. HNRC's net asset value stands at $4.71 per share, with proven reserves valued at $69 million. The subsidiary has acquired 2,800 acres in Texas and aims for a spin-off or dividends for shareholders. The firm plans to up-list to OTCQX and is preparing for SEC reporting.

Houston Natural Resources Corp. (OTC: HNRC) announced strong financial expectations for Q2 2021, projecting earnings to exceed current forecasts. The company reported a net asset increase of over 110% to $72,616,087 and a net asset value of $4.71 per share as of March 31, 2021. Revenues surged over 200% to $9,523,634, with net income rising more than 300% to $2,973,320. HNRC's subsidiary has appraised proven reserves at $69 million, while additional assets are valued at $7.6 million. The company plans to focus on maximizing shareholder value through potential asset sales and dividends.

Houston Natural Resources Corp. (OTC: HNRC) announced the acquisition of new equipment by its subsidiary HNR Oil Services LLC to enhance processing capabilities. The facility will expand its capacity to 50,000 barrels per day, with anticipated earnings of $10 million at full production. This upgrade includes a new thermal desorption unit, creating an additional revenue stream. HNR Oil Services plans to rapidly expand to seven facilities in the next five years. HNRC aims to up-list onto a major exchange and is preparing SEC filings to become a reporting company.

Houston Natural Resources Corp. (OTC: HNRC) has completed its initial audit for its subsidiaries, crucial for its anticipated NASDAQ listing in late 2021. The company forecasts a market capitalization exceeding $50 million and aims for a minimum bid price of $4.00 per share. Its subsidiary holds appraised oil and gas reserves valued at $60 million, contributing to an asset value of over $4.00 per share. HNRC is focused on leveraging its total asset value of $9.67 per share for shareholder benefit.

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.

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.