Stock Mover of The Day: Is Buying 52-Week Stock Like Harvest Natural Resources, Inc. a Winning Strategy?

Stock Mover of The Day: Is Buying 52 Week Stock Like Harvest Natural Resources, Inc. a Winning Strategy?

The stock of Harvest Natural Resources, Inc. (NYSE:HNR) hit a new 52-week high and has $5.91 target or 5.00% above today’s $5.63 share price. The 9 months bullish chart indicates low risk for the $66.07M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $5.91 price target is reached, the company will be worth $3.30 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 324,305 shares traded hands or 94.96% up from the average. Harvest Natural Resources, Inc. (NYSE:HNR) has risen 146.88% since April 28, 2016 and is uptrending. It has outperformed by 140.95% the S&P500.

Analysts await Harvest Natural Resources, Inc. (NYSE:HNR) to report earnings on March, 29.

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 2016 Q2. Its up 0.16, from 0.4 in 2016Q1. The ratio improved, 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.
Moreover, Redwood Limited Com has 0.04% invested in Harvest Natural Resources, Inc. (NYSE:HNR) for 303,396 shares. Commercial Bank Of America De, a North Carolina-based fund reported 5,233 shares. Renaissance Technologies Lc accumulated 0% or 140,800 shares. State Street has invested 0% of its portfolio in Harvest Natural Resources, Inc. (NYSE:HNR). Susquehanna Intll Limited Liability Partnership last reported 28,258 shares in the company. Blackrock Institutional Tru Com Na holds 1.19 million shares or 0% of its portfolio. Wells Fargo Mn owns 3,260 shares or 0% of their US portfolio. Moreover, Yakira Cap Mgmt has 0.07% invested in Harvest Natural Resources, Inc. (NYSE:HNR) for 205,807 shares. Advisory Network Ltd Liability Co has 5 shares for 0% of their US portfolio. Royal National Bank Of Canada reported 24,200 shares or 0% of all its holdings. Price T Rowe Associate Inc Md holds 0% of its portfolio in Harvest Natural Resources, Inc. (NYSE:HNR) for 14,116 shares. Grp One Trading Limited Partnership has 1,652 shares for 0% of their US portfolio. Private Advisor Grp Incorporated Ltd Company has invested 0% of its portfolio in Harvest Natural Resources, Inc. (NYSE:HNR). Manufacturers Life The accumulated 1,261 shares or 0% of the stock. Blackrock Advsr Ltd Llc has 9,380 shares for 0% of their US portfolio.

More notable recent Harvest Natural Resources, Inc. (NYSE:HNR) news were published by: Prnewswire.com which released: “Harvest Natural Resources Announces Reverse Stock Split” on October 25, 2016, also Prnewswire.com with their article: “Technical Roundup on Oil & Gas Stocks — Harvest Natural Resources, Clayton …” published on November 30, 2016, Prnewswire.com published: “Harvest Natural Resources Announces 2016 Third Quarter Results” on November 09, 2016. More interesting news about Harvest Natural Resources, Inc. (NYSE:HNR) were released by: Prnewswire.com and their article: “Harvest Natural Resources Announces Closing Of Sale Of Venezuelan Interests” published on October 07, 2016 as well as Prnewswire.com‘s news article titled: “Harvest Natural Resources Announces Stockholder Authorization Of Sale Of …” with publication date: September 16, 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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