Harvest Natural Resources, Inc. (HNR)

[All79]

The stock has a $19 price target from the Point and Figure chart. There are three analyst buy ratings, two neutral ratings and 0 sell ratings with an average target price of $11.17. The stock is trading at a forward P/E ratio of 11.65. The company has a book value of $10.45 per share. The Petrodelta transaction value is over $12 per share after tax. The deal is expected to close on or before March 21, 2013. The closing of the transaction is subject to approval by the Government of the Bolivarian Republic of Venezuela, and the Government of Indonesia. I believe the stock could be trading above $10 after these country approvals, which could happen already this year