Hallador Energy Co. (HNRG) Sees Large Volume Increase
Hallador Energy Co. (NASDAQ:HNRG) saw unusually-high trading volume on Friday . Approximately 210,426 shares traded hands during trading, an increase of 13% from the previous session’s volume of 186,763 shares.The stock last traded at $6.99 and had previously closed at $6.29.
HNRG has been the subject of a number of recent research reports. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, May 10th. Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $5.25 price target for the company in a research note on Monday, July 11th.
The company has a market cap of $200.95 million and a price-to-earnings ratio of 10.87. The company’s 50-day moving average price is $5.57 and its 200 day moving average price is $4.89.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a dividend of $0.04 per share. 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 2.33%.
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.