Hallador Energy Co. (NASDAQ:HNRG) rose 4.9% on Monday . The stock traded as high as $6.32 and last traded at $6.19, with a volume of 220,073 shares traded. The stock had previously closed at $5.90.

HNRG has been the topic of several research reports. Zacks Investment Research upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, July 19th. FBR & Co reiterated a “buy” rating on shares of Hallador Energy in a research note on Tuesday, May 10th.

The stock has a market cap of $181.94 million and a P/E ratio of 9.84. The company’s 50 day moving average is $4.88 and its 200 day moving average is $4.74.

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.04 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.16 annualized dividend and a yield of 2.57%.

A hedge fund recently raised its stake in Hallador Energy stock. Morgan Stanley boosted its stake in Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

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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