Harvest Natural Resources (NYSE:HNR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has a $3.20 target price on the stock. Zacks‘ target price suggests a potential downside of 15.79% from the company’s current price.
In other Harvest Natural Resources news, Director John Michael Stinson acquired 31,000 shares of the stock on the open market in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $3.15 per share, with a total value of $97,650.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Harvest Natural Resources (NYSE:HNR) traded up 0.39% during mid-day trading on Monday, hitting $3.815. 285,354 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 $4.36 and a 200-day moving average of $4.25. The company has a market cap of $154.2 million and a P/E ratio of 14.34.
Harvest Natural Resources (NYSE:HNR) last released its earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Harvest Natural Resources will post $1.27 EPS for the current fiscal year.
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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