Hallador Energy Co. (HNRG) Trading Down 3.7%
Hallador Energy Co. (NASDAQ:HNRG) traded down 3.7% during mid-day trading on Tuesday . The company traded as low as $5.90 and last traded at $5.99, with a volume of 160,717 shares trading hands. The stock had previously closed at $6.22.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a research report on Thursday, August 11th. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.
The company has a market cap of $176.67 million and a PE ratio of 9.56. The firm has a 50-day moving average of $5.03 and a 200-day moving average of $4.77.
The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.65%.
An institutional investor recently raised its position in Hallador Energy stock. Morgan Stanley increased its position in shares of Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent 13F filing 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 about 0.91% of Hallador Energy worth $1,200,000 at the end of the most recent quarter.
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.
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