Harvest Natural Rises On Unusually High Volume (HNR)
Harvest Natural Resources (NYSE:HNR) is trading at unusually high volume Tuesday with 1.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.12 (+15.2%).
NEW YORK ( TheStreet) -- Harvest Natural Resources (NYSE: HNR) is trading at unusually high volume Tuesday with 1.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.12 (+15.2%) at $16.11 as of 3:42 p.m. ET. Harvest Natural has a market cap of $463.8 million and is part of the basic materials sector and energy industry. Shares are up 14.9% year to date as of the close of trading on Monday. Harvest Natural Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties. The company has a P/E ratio of 31.7, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.8. TheStreet Ratings rates Harvest Natural as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Harvest Natural Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
Harvest Natural Resources (HNR) shares are up after the announcement that Venezuelan-Italian consortium CT Energy Holding SRL will purchase senior secured notes, convertible notes, and warrants from the oil company.