Hallador Energy (NASDAQ:HNRG) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

HNRG has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Northland Securities boosted their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Finally, Wall Street Zen downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hallador Energy presently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

Hallador Energy Price Performance

HNRG stock opened at $18.38 on Thursday. The stock’s 50 day moving average is $18.67 and its two-hundred day moving average is $19.42. Hallador Energy has a 52-week low of $9.25 and a 52-week high of $24.70. The company has a market capitalization of $864.23 million, a PE ratio of 19.15 and a beta of 0.22. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%.The company had revenue of $101.94 million during the quarter, compared to analysts’ expectations of $105.48 million. Analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after acquiring an additional 679 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Hallador Energy during the second quarter valued at approximately $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Hallador Energy in the 4th quarter worth approximately $42,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.