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 mid-day 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.
A number of equities research analysts recently issued reports on HNRG shares. Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $5.25 price objective for the company in a report on Monday, July 11th. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, May 10th.
The company has a market capitalization of $172.58 million and a P/E ratio of 9.34. The firm has a 50-day moving average of $4.88 and a 200 day moving average of $4.74.
The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, July 27th. This represents a $0.16 annualized dividend and a dividend yield of 2.71%.
A hedge fund recently raised its stake in Hallador Energy stock. Morgan Stanley increased its stake 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 (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 about 0.91% of Hallador Energy worth $1,200,000 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.
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.