Hallador Energy (NASDAQ:HNRG) Rating Lowered to Hold at Zacks Research

Hallador Energy (NASDAQ:HNRG) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on HNRG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Industrial Alliance Securities set a $28.00 price target on Hallador Energy in a research note on Tuesday, November 11th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.67.

Hallador Energy Stock Down 5.1%

NASDAQ:HNRG traded down $1.06 during trading hours on Monday, reaching $19.56. The company’s stock had a trading volume of 637,483 shares, compared to its average volume of 443,835. The stock has a 50 day moving average price of $20.04 and a two-hundred day moving average price of $18.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66. The company has a market capitalization of $857.36 million, a P/E ratio of -4.38 and a beta of 0.26. Hallador Energy has a 12 month low of $8.37 and a 12 month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The business had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million. Equities analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average price of $17.83 per share, with a total value of $356,600.00. Following the acquisition, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. This represents a 8.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Hallador Energy during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares in the last quarter. USA Financial Formulas acquired a new position in Hallador Energy in the 4th quarter worth about $42,000. Finally, Ameritas Investment Partners Inc. boosted its position in Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after purchasing an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.