Hallador Energy Co. (NASDAQ:HNRG) saw strong trading volume on Thursday . 248,399 shares changed hands during trading, an increase of 74% from the previous session’s volume of 142,446 shares.The stock last traded at $5.90 and had previously closed at $6.04.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research report on Thursday, August 11th. FBR & Co reissued a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.

The firm has a 50 day moving average price of $5.03 and a 200-day moving average price of $4.77. The firm has a market cap of $175.50 million and a PE ratio of 9.49.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Wednesday, July 27th.

An institutional investor recently raised its position in Hallador Energy stock. Morgan Stanley raised its position in shares of Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,016 shares of the company’s stock after buying an additional 102,297 shares during the period. Morgan Stanley owned 0.91% of Hallador Energy worth $1,200,000 as of its most recent SEC filing.

Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.