Harvest Natural Resources Trading 5.8% Higher After Better-Than-Expected Earnings (HNR)
Shares of Harvest Natural Resources (NYSE:HNR) traded up 5.8% on Monday after the company announced better than expected quarterly earnings, Analyst Ratings Network.com reports. The stock traded as high as $4.93 and last traded at $4.92, with a volume of 148,608 shares. The stock had previously closed at $4.65.
The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.06.
Separately, analysts at Vertical Research downgraded shares of Harvest Natural Resources to a “sell” rating in a research note on Thursday, June 19th.
The stock has a 50-day moving average of $4.66 and a 200-day moving average of $4.50. The company’s market cap is $208.8 million.
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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