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New York, NY -- (SBWIRE) -- 03/21/2013 -- StockRunway.com issues special report on the Bearish Independent Oil & Gas Operators – Chesapeake Granite Wash Trust (NYSE:CHKR), Harvest Natural Resources, Inc. (NYSE:HNR), Gastar Exploration Limited (USA) (NYSEAMEX:GST)
Chesapeake Granite Wash Trust (NYSE:CHKR) tumbled due in part to a negative article on the Seeking Alpha investing blog. The contributor noted that the company recorded a steep fall in the present value of proved reserves. In other news, Wells Fargo Securities analyst Gordon Douthat said the downtrend was a late reaction to a regulatory filing the company made on Friday, in which it lowered its reserves forecast by about 25 percent.
Chesapeake Granite Wash Trust(NYSE:CHKR) declined -15.27% and closed at $14.37 in the last trading session with the total traded volume of 2.78 million shares. That’s more than the average volume of 202,875. CHKR is now trading above its 50 day moving average of -18.20% and 200 day moving average of -21.64%.
It has outstanding shares of 46.75 million with the total market cap of $671.80million.
Has CHKR Found The Bottom and Ready To Move Up? Find Out Here
Harvest Natural Resources, Inc. (NYSE:HNR) continued to decline after the company located accounting errors related to some long-lived assets that may lead the company to restate financial statements dating back to 2010. The oil-and-gas explorer also said that it predicts to report a loss for 2012, and that auditors will evaluate its feasibility as a going concern. The company provided detail on the issues in a securities filing informing authorities it may fail to file its 10-K annual report in timely manner after recently finding some long-lived assets have been impaired.
Harvest Natural Resources, Inc.(NYSE:HNR) lost -8.65% to close at $3.38 and its overall volume in the last trading session was 1.99 million shares, beating the average volume of 969,203. HNR hit the day high price of $3.99 and day low of $3.31.
The stock is trading with negative year-to-date performance of -62.73%. It has current ratio of 1.21 and its debt-to-equity ratio is 0.02. The company has total market cap of $133.24 million.
Has HNR Found The Bottom And Ready To Gain Momentum? Find Out Here
Gastar Exploration Limited (USA) (NYSEAMEX:GST) turned red after Form 4 filings with the SEC.
Gastar Exploration Limited (USA) (NYSEAMEX:GST) dropped -4.32% with the closing price of $1.55. The overall volume in the last trading session was 1.21 million shares. Its fifty two week range was $0.70-$3.34. The total market capitalization remained $106.10million.
The stock is ahead its 52 week low with 121.43% and its last month price volatility remained 6.43%. Its beta coefficient was 1.52 with a target price of $2.54. In its share capital, the company has 68.45 million outstanding shares while 57.17 million shares have been floated in market.
It has insider ownership of 4.10% with its institutional ownership remained 26.74%. Its current year earnings per share fell with -8942.21%.
Why Should Investors Buy GST After the Recent Fall? Just Go Here and Find Out
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