Hallador Energy Co. (HNRG) Sees Unusually-High Trading Volume
Shares of Hallador Energy Co. (NASDAQ:HNRG) saw unusually-strong trading volume on Tuesday . Approximately 167,014 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 77,941 shares.The stock last traded at $5.14 and had previously closed at $4.91.
A number of brokerages recently issued reports on HNRG. Zacks Investment Research upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. FBR & Co reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday, May 10th.
The firm has a market capitalization of $145.67 million and a price-to-earnings ratio of 7.88. The stock’s 50-day moving average price is $4.51 and its 200 day moving average price is $4.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Wednesday, July 27th.
A hedge fund recently bought a new stake in Hallador Energy stock. Magnolia Group LLC acquired a new position in shares of Hallador Energy Co. (NASDAQ:HNRG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 holdings, making the stock its 10th largest position. Magnolia Group LLC owned approximately 4.12% of Hallador Energy 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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