Hallador Energy Co. (HNRG) Trading Up 9.2%
Hallador Energy Co. (NASDAQ:HNRG) was up 9.2% during mid-day trading on Monday . The company traded as high as $7.02 and last traded at $6.87, with a volume of 324,800 shares changing hands. The stock had previously closed at $6.29.
A number of equities research analysts have issued reports on HNRG shares. FBR & Co reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, May 10th. Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Tuesday, July 19th.
The firm has a 50-day moving average of $5.57 and a 200-day moving average of $4.89. The stock has a market cap of $200.95 million and a PE ratio of 10.87.
The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Wednesday, July 27th.
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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