Notable Runner: Harvest Natural Resources, Inc. Sets 52-Week High; Strong Momentum for Holders

Notable Runner: Harvest Natural Resources, Inc. Sets 52 Week High; Strong Momentum for Holders

The stock of Harvest Natural Resources, Inc. (NYSE:HNR) hit a new 52-week high and has $4.73 target or 3.00% above today’s $4.59 share price. The 8 months bullish chart indicates low risk for the $52.30M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $4.73 price target is reached, the company will be worth $1.57 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,310 shares traded hands. Harvest Natural Resources, Inc. (NYSE:HNR) has risen 661.67% since April 20, 2016 and is uptrending. It has outperformed by 657.11% the S&P500.

According to Zacks Investment Research, “Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.”

Insitutional Activity: The institutional sentiment increased to 0.56 in Q2 2016. Its up 0.16, from 0.4 in 2016Q1. The ratio is positive, as 11 funds sold all Harvest Natural Resources, Inc. shares owned while 9 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 8.13 million shares or 11.83% less from 9.22 million shares in 2016Q1.
Stifel Fincl reported 35,000 shares or 0% of all its holdings. Retail Bank Of Ny Mellon owns 67,164 shares or 0% of their US portfolio. Highlander Mngmt Ltd Co last reported 238 shares in the company. Deutsche National Bank Ag holds 143,075 shares or 0% of its portfolio. Creative Planning has 60 shares for 0% of their US portfolio. Private Advisor Gp Ltd Liability accumulated 10,000 shares or 0% of the stock. Jpmorgan Chase holds 1 shares or 0% of its portfolio. Renaissance Technologies Ltd Liability Corporation holds 0% or 140,800 shares in its portfolio. Ladenburg Thalmann Services owns 94,500 shares or 0% of their US portfolio. Moreover, Guggenheim Capital has 0% invested in Harvest Natural Resources, Inc. (NYSE:HNR) for 15,300 shares. Geode Management Llc accumulated 0% or 212,524 shares. Dimensional Fund Advisors Ltd Partnership has 0% invested in the company for 149,056 shares. Blackrock Advsrs Ltd has 9,380 shares for 0% of their US portfolio. Manufacturers Life Insurance The last reported 1,261 shares in the company. Natixis, a France-based fund reported 20,000 shares.

More notable recent Harvest Natural Resources, Inc. (NYSE:HNR) news were published by: Prnewswire.com which released: “Harvest Natural Resources Announces 2016 Third Quarter Results” on November 09, 2016, also Prnewswire.com with their article: “Harvest Natural Resources Announces Reverse Stock Split” published on October 25, 2016, Prnewswire.com published: “Harvest Natural Resources Announces Closing Of Sale Of Venezuelan Interests” on October 07, 2016. More interesting news about Harvest Natural Resources, Inc. (NYSE:HNR) were released by: Prnewswire.com and their article: “Harvest Natural Resources Announces Termination of Agreement to Sell Remaining …” published on January 02, 2015 as well as Prnewswire.com‘s news article titled: “Harvest Natural Resources Announces 2016 Second Quarter Results” with publication date: August 09, 2016.

HNR Company Profile

Harvest Natural Resources, Inc. (Harvest), incorporated on October 9, 1988, is a petroleum exploration and production company. The Firm focuses on acquiring exploration, development and producing properties in geological basins with proven active hydrocarbon systems. The Firm has interest in the Bolivarian Republic of Venezuela (Venezuela). In addition to its interests in Venezuela, it holds exploration acreage offshore of Republic of Gabon (Gabon). The Company’s Venezuelan interests are owned through Harvest-Vinccler Dutch Holding B.V. (Harvest Holding). Harvest Holding owns HNR Finance B.V. (HNR Finance) and HNR Finance own interest in Petrodelta, S.A. (Petrodelta). The Company’s activities include Venezuela and Gabon.

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