Hallador Energy Co. (HNRG) Shares Up 4.2%
Hallador Energy Co. (NASDAQ:HNRG) shot up 4.2% during trading on Tuesday . The stock traded as high as $6.75 and last traded at $6.51, with a volume of 115,657 shares trading hands. The stock had previously closed at $6.25.
Several research firms have recently commented on HNRG. Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price target for the company in a research report on Thursday, August 11th. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a research report on Tuesday, May 10th.
The firm has a market capitalization of $185.15 million and a PE ratio of 10.02. The company’s 50 day moving average is $5.46 and its 200-day moving average is $4.87.
The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a $0.04 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.16 annualized dividend and a yield of 2.53%.
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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