Harvest Natural Resources (NYSE:HNR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, AR Network reports. The firm currently has a $3.20 price objective on the stock. Zacks‘ price target indicates a potential downside of 17.74% from the stock’s previous close.
Shares of Harvest Natural Resources (NYSE:HNR) traded up 1.83% on Monday, hitting $3.89. 372,681 shares of the company’s stock traded hands. Harvest Natural Resources has a 52 week low of $2.45 and a 52 week high of $10.83. The stock has a 50-day moving average of $4.31 and a 200-day moving average of $4.26. The company has a market cap of $157.2 million and a P/E ratio of 14.42.
Harvest Natural Resources (NYSE:HNR) last released its earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $240.40 million for the quarter. During the same quarter last year, the company posted $0.26 earnings per share. Harvest Natural Resources’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that Harvest Natural Resources will post $1.27 earnings per share for the current fiscal year.
In other Harvest Natural Resources news, Director John Michael Stinson bought 31,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $3.15 per share, with a total value of $97,650.00. Following the completion of the acquisition, the director now directly owns 129,667 shares of the company’s stock, valued at approximately $408,451. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Harvest Natural Resources, Inc is a petroleum exploration and production company engaged in the exploration, development and production of properties in geological basins with proven active hydrocarbon systems.
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