Last $4.48 USD
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As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

harvest natural resources in (HNR) Snapshot

Open
$4.47
Previous Close
$4.49
Day High
$4.51
Day Low
$4.37
52 Week High
10/4/13 - $6.08
52 Week Low
11/14/13 - $2.76
Market Cap
188.6M
Average Volume 10 Days
342.5K
EPS TTM
$-3.23
Shares Outstanding
42.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HARVEST NATURAL RESOURCES IN (HNR)

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harvest natural resources in (HNR) Details

Harvest Natural Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties. It primarily holds interests in the Bolivarian Republic of Venezuela; exploration acreage, including in the onshore of West Sulawesi, Indonesia; offshore of the Republic of Gabon; onshore of the Sultanate of Oman; and offshore of the People’s Republic of China. As of December 31, 2012, the company, through its 32 percent interest in Petroleos de Venezuela S.A., had proved reserves of 38.4 million barrels of oil equivalent (MMBOE), probable reserves of 61.8 MMBOE, and possible reserves of 104.4 MMBOE; and proved plus probable reserves of 100.2 MMBOE. Harvest Natural Resources, Inc. was founded in 1988 and is headquartered in Houston, Texas.

46 Employees
Last Reported Date: 03/17/14
Founded in 1988

harvest natural resources in (HNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $534.5K
Senior Vice President of Eastern Operations
Total Annual Compensation: $639.3K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $468.8K
Vice President of Engineering & Business Deve...
Total Annual Compensation: $488.8K
Compensation as of Fiscal Year 2012.

harvest natural resources in (HNR) Key Developments

Harvest Natural Resources, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Impairment Charge for the Fourth Quarter of 2013; Provides Capex Guidance for 2014

Harvest Natural Resources Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported loss from operations of $21.096 million against $16.167 million a year ago. Loss from continuing operations before income taxes was $40.673 million against $22.999 million a year ago. Loss from continuing operations before earnings from equity affiliate was $115.901 million against $22.909 million a year ago. Loss from continuing operations was $126.143 million or $2.99 per diluted share against $15.164 million or $0.43 per diluted share a year ago. Net loss attributable to the company was $122.680 million or $3.02 per diluted share against $23.147 million or $0.59 per diluted share a year ago. Adjusted for these non-recurring items, the company's fourth quarter net loss would have been $14.6 million, or $0.36 per diluted share. The fourth quarter results include exploration charges of $9.9 million or $0.24 pretax per diluted share, a loss on the sale of Harvest-Vinccler Dutch Holding of $23 million or $0.57 per diluted share, which relates to the Pluspetrol transaction and income tax expense of $75.2 million or $1.85 per diluted share primarily related to recording of any future tax liability related to Venezuela and undistributed earnings from other operations for prior period income invested in international operations. For the year, the company reported loss from operations of $45.436 million against $38.826 million a year ago. Loss from continuing operations before income taxes was $71.797 million against $52.756 million a year ago. Loss from continuing operations before earnings from equity affiliate was $144.884 million against $52.147 million a year ago. Loss from continuing operations was $72.306 million or $2.12 per diluted share against income from continuing operations of $15.622 million or $0.06 per diluted share a year ago. Net loss attributable to the company was $89.096 million or $2.25 per diluted share against $12.211 million or $0.33 per diluted share a year ago. Net cash used in operating activities was $37.077 million against $26.405 million a year ago. Additions of property and equipment were $43.906 million against $23.575 million a year ago. Adjusted for these non-recurring items, the company would have had net income of $22.2 million, or $0.56 per diluted share in 2013. CapEx for the year was up at $270 million versus $184 million in 2012. For the fourth quarter, the company reported impairment expense of $575,000 compared to $2,900,000 a year ago. Approximately $40 million of the drilling CapEx is actually carryover for the 2014 program, which includes pad construction for larger mega pads and phase drilling.

Harvest Natural Resources Inc., Q4 2013 Earnings Call, Mar 17, 2014

Harvest Natural Resources Inc., Q4 2013 Earnings Call, Mar 17, 2014

Harvest Natural Resources Inc. to Report Q4, 2013 Results on Mar 17, 2014

Harvest Natural Resources Inc. announced that they will report Q4, 2013 results at 9:00 AM, Eastern Standard Time on Mar 17, 2014

 

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