FY2016 EPS Estimates for Hallador Energy Co. (HNRG) Lifted by FBR & Co
Hallador Energy Co. (NASDAQ:HNRG) – Equities research analysts at FBR & Co increased their FY2016 earnings estimates for Hallador Energy in a report released on Thursday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of $0.60 for the year, up from their previous forecast of $0.59. FBR & Co has a “Outperform” rating and a $8.00 price target on the stock. FBR & Co also issued estimates for Hallador Energy’s Q4 2016 earnings at $0.09 EPS.
Separately, Zacks Investment Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th.
Hallador Energy (NASDAQ:HNRG) opened at 7.77 on Friday. Hallador Energy has a one year low of $3.95 and a one year high of $8.70. The company has a market capitalization of $227.27 million, a PE ratio of 13.04 and a beta of 0.04. The firm’s 50 day moving average price is $7.34 and its 200-day moving average price is $5.41.
Several hedge funds and other institutional investors have recently bought and sold shares of HNRG. S&CO Inc. acquired a new position in Hallador Energy during the second quarter worth $102,000. Hamilton Lane Advisors LLC acquired a new position in Hallador Energy during the second quarter worth $136,000. Eagle Global Advisors LLC raised its position in Hallador Energy by 114.2% in the second quarter. Eagle Global Advisors LLC now owns 35,070 shares of the company’s stock worth $162,000 after buying an additional 18,700 shares during the last quarter. Spark Investment Management LLC acquired a new position in Hallador Energy during the first quarter worth $167,000. Finally, Confluence Investment Management LLC acquired a new position in Hallador Energy during the second quarter worth $177,000. 51.73% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 55.66% of the company’s stock.
Hallador Energy Company Profile
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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