Hallador Energy Co. (HNRG) Shares Up 3.3%
Hallador Energy Co. (NASDAQ:HNRG) shot up 3.3% on Friday . The company traded as high as $4.71 and last traded at $4.69, with a volume of 83,277 shares. The stock had previously closed at $4.54.
A number of research firms have recently weighed in on HNRG. Zacks Investment Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. FBR & Co restated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.
The company has a market capitalization of $137.18 million and a price-to-earnings ratio of 7.42. The company’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.66.
A hedge fund recently bought a new stake in Hallador Energy stock. Magnolia Group LLC acquired a new position in Hallador Energy Co. (NASDAQ:HNRG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,196,955 shares of the company’s stock, valued at approximately $5,458,000. Hallador Energy comprises 5.0% of Magnolia Group LLC’s investment portfolio, making the stock its 10th largest position. Magnolia Group LLC owned approximately 4.12% of Hallador Energy as of its most recent filing with the SEC.
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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