Hallador Energy Co. (NASDAQ:HNRG) shares saw strong trading volume on Thursday . 248,399 shares were traded during mid-day 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 equities analysts have commented 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 for the company in a report on Thursday, August 11th. FBR & Co reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, May 10th.

The stock’s 50-day moving average is $5.11 and its 200 day moving average is $4.79. The stock has a market capitalization of $178.13 million and a P/E ratio of 9.64.

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, July 27th. This represents a $0.16 dividend on an annualized basis and a yield of 2.63%.

An institutional investor recently raised its position in Hallador Energy stock. Morgan Stanley raised its position in Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent Form 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 reporting period.

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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