Harvest Natural Stock Falls On Unusually High Volume (HNR)

NEW YORK ( TheStreet) -- Harvest Natural Resources (NYSE: HNR) is trading at unusually high volume Wednesday with 3.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 46 cents (-5.1%) at $8.50 as of 1:05 p.m. ET.

Harvest Natural has a market cap of $330.3 million and is part of the basic materials sector and energy industry. Shares are up 21.3% year to date as of the close of trading on Tuesday.

Harvest Natural Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties.

TheStreet Ratings rates Harvest Natural as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Harvest Natural Ratings Report.

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