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Horizon Oil (ASX:HZN)‘s stock had its “overweight” rating restated by stock analysts at Commonwealth Bank in a report issued on Thursday.

Shares of Horizon Oil (ASX:HZN) traded down 2.86% on Thursday, hitting A$0.340. 1,042,462 shares of the company’s stock traded hands. Horizon Oil has a 1-year low of A$0.277 and a 1-year high of A$0.390. The stock’s 50-day moving average is A$0.35 and its 200-day moving average is A$0.34. The company has a market cap of A$442.9 million and a price-to-earnings ratio of 43.75.

Horizon Oil Limited is engaged in petroleum exploration, development and production. The Company operates in five segments: New Zealand development, New Zealand exploration, China exploration and development, PNG exploration and development and other segments.

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