Hallador Energy Co. (HNRG) Sees Large Volume Increase
Hallador Energy Co. (NASDAQ:HNRG) saw unusually-strong trading volume on Thursday . Approximately 404,548 shares traded hands during trading, an increase of 324% from the previous session’s volume of 95,360 shares.The stock last traded at $5.69 and had previously closed at $5.38.
Several equities research analysts have issued reports on HNRG shares. Zacks Investment Research upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Tuesday, July 19th. 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 $164.39 million and a price-to-earnings ratio of 8.89. The company has a 50-day moving average price of $4.84 and a 200-day moving average price of $4.73.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, July 27th. This represents a $0.16 dividend on an annualized basis and a yield of 2.85%.
A hedge fund recently raised its stake in Hallador Energy stock. Morgan Stanley boosted its position in Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 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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