Hallador Energy Company (NASDAQ:HNRG) Stock Has Average Target Price of $24.88

Hallador Energy Company (NASDAQ:HNRG) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $23.83.

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Finally, Northland Securities set a $27.00 price objective on Hallador Energy in a report on Tuesday, October 6th.

Hallador Energy Stock Up 8.1%

NASDAQ HNRG opened at $10.98 on Thursday. The business’s 50-day moving average price is $13.26 and its 200 day moving average price is $16.18. The company has a current ratio of 3.38, a quick ratio of 0.24 and a debt-to-equity ratio of 2.81. Hallador Energy has a twelve month low of $8.85 and a twelve month high of $24.00.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 9th. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.18). Hallador Energy had a negative net margin of 6.73% and a negative return on equity of 13.34%. The business had revenue of $130.25 million during the quarter, compared to analysts’ expectations of $118.25 million. Research analysts expect that Hallador Energy will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Hallador Energy during the 2nd quarter valued at $49,594,000. Dimensional Fund Advisors LP lifted its position in shares of Hallador Energy by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after buying an additional 109,781 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Hallador Energy during the second quarter valued at approximately $13,534,000. CenterBook Partners LP increased its position in Hallador Energy by 81.7% in the third quarter. CenterBook Partners LP now owns 618,944 shares of the energy company’s stock worth $8,585,000 after buying an additional 278,322 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Hallador Energy in the first quarter valued at approximately $8,140,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company is an Indiana-based energy company focused on coal mining and electric power generation. Through its subsidiary Sunrise Coal, it operates underground coal mines in Indiana’s Illinois Basin and supplies thermal coal primarily to electric utilities. Hallador also participates in wholesale electricity markets through Hallador Power, which owns and operates the Merom Generating Station in Sullivan County, Indiana. The plant’s output serves the regional power market. The company’s operations are concentrated in the Midwestern United States, combining coal production with power generation and sales.