Hallador Energy Co. (NASDAQ:HNRG) shares shot up 5.1% on Monday . The stock traded as high as $5.40 and last traded at $5.39, with a volume of 70,345 shares trading hands. The stock had previously closed at $5.13.

Several research firms recently weighed in on HNRG. Zacks Investment Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. FBR & Co reissued a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.

The stock has a market cap of $157.37 million and a PE ratio of 9.09. The company’s 50-day moving average price is $4.73 and its 200 day moving average price is $4.72.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, July 27th.

An institutional investor recently raised its position in Hallador Energy stock. Morgan Stanley raised its position in Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,016 shares of the company’s stock after buying an additional 102,297 shares during the period. Morgan Stanley owned 0.91% of Hallador Energy worth $1,200,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.