Hallador Energy (HNRG) Upgraded to Buy by ValuEngine
Hallador Energy (NASDAQ:HNRG) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research analysts have also issued reports on HNRG. Zacks Investment Research raised Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. B. Riley reissued a “buy” rating on shares of Hallador Energy in a research report on Wednesday, November 1st.
Hallador Energy (NASDAQ HNRG) opened at $6.19 on Friday. Hallador Energy has a 52-week low of $4.79 and a 52-week high of $9.87. The stock has a market capitalization of $184.24, a P/E ratio of 7.04 and a beta of -0.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.91.
Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, November 6th. The energy company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Hallador Energy had a return on equity of 10.92% and a net margin of 2.88%. The firm had revenue of $74.50 million during the quarter. research analysts expect that Hallador Energy will post 0.46 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Hallador Energy by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 965,999 shares of the energy company’s stock worth $7,506,000 after acquiring an additional 65,994 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hallador Energy by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 700,317 shares of the energy company’s stock worth $4,006,000 after buying an additional 34,412 shares during the last quarter. Morgan Stanley grew its stake in shares of Hallador Energy by 22.9% in the 1st quarter. Morgan Stanley now owns 464,723 shares of the energy company’s stock worth $3,722,000 after buying an additional 86,609 shares during the last quarter. AJO LP grew its stake in shares of Hallador Energy by 1,105.1% in the 2nd quarter. AJO LP now owns 378,882 shares of the energy company’s stock worth $2,944,000 after buying an additional 347,442 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Hallador Energy by 108.4% in the 2nd quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock worth $2,754,000 after buying an additional 184,354 shares during the last quarter. 55.84% of the stock is owned by hedge funds and other institutional investors.
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About Hallador Energy
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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