Zacks Investment Research lowered shares of Hallador Energy Company (NASDAQ:HNRG) from a buy rating to a sell rating in a research report sent to investors on Wednesday.

According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “

Separately, FBR & Co decreased their price target on Hallador Energy from $12.00 to $11.00 and set an outperform rating on the stock in a research report on Wednesday, March 15th.

Shares of Hallador Energy (HNRG) opened at 7.77 on Wednesday. The company has a market cap of $229.20 million, a P/E ratio of 17.00 and a beta of -0.60. The firm’s 50-day moving average price is $7.57 and its 200 day moving average price is $8.24. Hallador Energy has a 52 week low of $4.54 and a 52 week high of $10.40.

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A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Hallador Energy by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock worth $380,000 after buying an additional 4,579 shares during the period. TFS Capital LLC raised its stake in Hallador Energy by 21.5% in the first quarter. TFS Capital LLC now owns 36,680 shares of the energy company’s stock worth $294,000 after buying an additional 6,488 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Hallador Energy during the first quarter worth approximately $125,000. Algert Global LLC acquired a new stake in Hallador Energy during the first quarter worth approximately $142,000. Finally, Segantii Capital Management Ltd raised its stake in Hallador Energy by 560.0% in the first quarter. Segantii Capital Management Ltd now owns 26,400 shares of the energy company’s stock worth $211,000 after buying an additional 22,400 shares during the period. Institutional investors and hedge funds own 57.00% of the company’s stock.

Hallador Energy Company Profile

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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