Wall Street Zen Upgrades Hallador Energy (NASDAQ:HNRG) to Buy

Hallador Energy (NASDAQ:HNRG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

A number of other brokerages also recently weighed in on HNRG. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. B. Riley downgraded shares of Hallador Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Finally, Citigroup downgraded shares of Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.00.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG opened at $20.67 on Friday. The company’s 50-day moving average is $18.50 and its 200 day moving average is $17.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The company has a market capitalization of $889.02 million, a P/E ratio of -4.14 and a beta of 0.39. Hallador Energy has a fifty-two week low of $8.13 and a fifty-two week high of $22.44.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.34. The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. On average, equities research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Activity

In related news, Director Charles Ray Iv Wesley purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the transaction, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This represents a 9.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Hardie sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total value of $1,953,000.00. Following the sale, the director owned 21,072 shares in the company, valued at approximately $411,536.16. This represents a 82.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 372,062 shares of company stock worth $7,232,705. Insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of Hallador Energy during the first quarter valued at about $1,126,000. Vanguard Group Inc. increased its position in shares of Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after buying an additional 65,652 shares during the period. Invesco Ltd. increased its position in shares of Hallador Energy by 356.4% during the first quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after buying an additional 213,421 shares during the period. Nuveen LLC bought a new stake in shares of Hallador Energy during the first quarter valued at about $1,090,000. Finally, Trexquant Investment LP increased its position in shares of Hallador Energy by 308.0% during the first quarter. Trexquant Investment LP now owns 47,331 shares of the energy company’s stock valued at $581,000 after buying an additional 35,731 shares during the period. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.