Hallador Energy Co. (NASDAQ:HNRG) was down 3.7% during mid-day trading on Tuesday . The stock traded as low as $5.90 and last traded at $5.99, with a volume of 160,717 shares traded. The stock had previously closed at $6.22.

Several equities research analysts recently issued reports on HNRG shares. FBR & Co reiterated a “buy” rating on shares of Hallador Energy in a report on Tuesday, May 10th. Zacks Investment Research upgraded 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.

The stock’s 50-day moving average price is $4.94 and its 200 day moving average price is $4.76. The firm has a market capitalization of $175.79 million and a PE ratio of 9.51.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a $0.04 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.66%.

An institutional investor recently raised its position in Hallador Energy stock. Morgan Stanley boosted its position in shares of Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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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