Hallador Energy (NASDAQ:HNRG) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Hallador Energy (NASDAQ:HNRG) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on HNRG. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. Wall Street Zen raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Industrial Alliance Securities set a $28.00 target price on shares of Hallador Energy in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.67.

Hallador Energy Trading Down 6.1%

Hallador Energy stock traded down $1.26 during trading hours on Monday, hitting $19.36. The stock had a trading volume of 582,913 shares, compared to its average volume of 437,752. The business’s 50 day simple moving average is $20.04 and its 200-day simple moving average is $18.72. Hallador Energy has a one year low of $8.37 and a one year high of $24.70. The stock has a market cap of $848.55 million, a price-to-earnings ratio of -4.33 and a beta of 0.26. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.49. The company had revenue of $146.85 million during the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. On average, equities analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $17.83 per share, with a total value of $356,600.00. Following the transaction, the director owned 267,914 shares in the company, valued at $4,776,906.62. This trade represents a 8.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy during the second quarter worth about $18,735,000. CenterBook Partners LP increased its holdings in Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock worth $12,453,000 after purchasing an additional 754,846 shares in the last quarter. Millennium Management LLC raised its stake in shares of Hallador Energy by 1,745.5% in the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after purchasing an additional 496,628 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Hallador Energy in the second quarter valued at approximately $6,910,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Hallador Energy by 546.8% in the second quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company’s stock valued at $6,735,000 after purchasing an additional 359,789 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.