Hallador Energy Co. (HNRG) to Post FY2017 Earnings of $0.23 Per Share, FBR & Co Forecasts
Hallador Energy Co. (NASDAQ:HNRG) – Analysts at FBR & Co raised their FY2017 earnings estimates for Hallador Energy in a research report issued on Thursday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings per share of $0.23 for the year, up from their previous estimate of $0.07. FBR & Co currently has a “Outperform” rating and a $8.00 target price on the stock. FBR & Co also issued estimates for Hallador Energy’s FY2018 earnings at $0.25 EPS.
Separately, Zacks Investment Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th.
Hallador Energy (NASDAQ:HNRG) traded up 1.02% during mid-day trading on Monday, hitting $7.95. The stock had a trading volume of 105,717 shares. Hallador Energy has a one year low of $3.95 and a one year high of $8.70. The firm has a market capitalization of $232.54 million, a price-to-earnings ratio of 13.34 and a beta of 0.03. The stock’s 50 day moving average price is $7.38 and its 200 day moving average price is $5.45.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the firm’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 value of $879,932.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 55.66% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new position in Hallador Energy during the second quarter worth $232,000. Eagle Global Advisors LLC increased 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 in the last quarter. Menta Capital LLC increased its position in Hallador Energy by 0.3% in the second quarter. Menta Capital LLC now owns 96,610 shares of the company’s stock worth $446,000 after buying an additional 283 shares in the last quarter. Martingale Asset Management L P increased its position in Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock worth $407,000 after buying an additional 1,277 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Hallador Energy by 13.2% in the second quarter. HighTower Advisors LLC now owns 42,800 shares of the company’s stock worth $198,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 51.74% 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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