Shares of Hallador Energy Company (NASDAQ:HNRG – Get Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.88.
Several research firms have recently commented on HNRG. Northland Securities set a $27.00 price target on Hallador Energy in a report on Tuesday, October 6th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Weiss Ratings lowered Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen cut Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th.
View Our Latest Stock Report on HNRG
Hedge Funds Weigh In On Hallador Energy
A number of institutional investors and hedge funds have recently made changes to their positions in HNRG. Summit Securities Group LLC purchased a new position in shares of Hallador Energy in the 1st quarter valued at about $31,000. State of Wyoming purchased a new stake in Hallador Energy during the second quarter worth about $32,000. Persistent Asset Partners Ltd purchased a new stake in Hallador Energy during the second quarter worth about $42,000. Meeder Asset Management Inc. boosted its holdings in Hallador Energy by 71.0% during the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock worth $64,000 after buying an additional 1,631 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Hallador Energy by 14,726.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,041 shares of the energy company’s stock worth $96,000 after buying an additional 5,007 shares during the period. 61.38% of the stock is owned by institutional investors and hedge funds.
Hallador Energy Stock Up 2.3%
HNRG opened at $12.71 on Friday. Hallador Energy has a 52 week low of $11.71 and a 52 week high of $24.70. The business has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $16.23. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The company has a market cap of $599.15 million, a PE ratio of 621.00 and a beta of 0.45.
Hallador Energy (NASDAQ:HNRG – Get Free Report) last announced its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. As a group, research analysts anticipate that Hallador Energy will post -0.47 EPS for the current year.
Hallador Energy Company Profile
Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.
Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.
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