Harvest Natural Resources Sinks on Financing Plan (HNR)

Photo of Paul Ausick
By Paul Ausick Published

Invalid Image
Independent oil & gas company Harvest Natural Resources Inc. (NYSE: HNR) announced on Friday an “at-the-market” equity financing program that would allow the company to issue up to $75 million in common stock under its current shelf registration. According to the filing:

Sales of the Stock, if any, will be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices.

The sales will be made through the company’s agent, Knight Capital Americas L.P. The SEC Form PF describing the terms of the potential sales is available here.

Shares of Harvest Resources are down -7.42% at $6.56 in a 52-week range of $6.11-$16.00.

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

AXON Vol: 897,697
APD Vol: 1,815,362
KLA
KLAC Vol: 9,130,681
AMD
AMD Vol: 21,355,166
INTC Vol: 74,457,458

Top Losing Stocks

CTRA Vol: 73,319,495
ZBH Vol: 2,389,990
MOS Vol: 9,353,474
T Vol: 74,089,884
DLR Vol: 6,263,207