Hallador Energy Co. (HNRG) Trading Up 3.3%
Shares of Hallador Energy Co. (NASDAQ:HNRG) were up 3.3% during mid-day trading on Friday . The stock traded as high as $4.71 and last traded at $4.69, with a volume of 83,277 shares traded. The stock had previously closed at $4.54.
Several analysts recently issued reports on HNRG shares. Zacks Investment Research upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. FBR & Co reiterated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.
The company has a market cap of $137.18 million and a PE ratio of 7.42. The firm’s 50 day moving average price is $4.43 and its 200 day moving average price is $4.66.
A hedge fund recently raised its stake in Hallador Energy stock. Morgan Stanley increased its position in shares of Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 263,016 shares of the company’s stock after buying an additional 102,297 shares during the period. Morgan Stanley owned about 0.91% of Hallador Energy worth $1,200,000 at the end of the most recent reporting period.
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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