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

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.88.

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

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $13.95 on Friday. The stock’s 50-day simple moving average is $15.27 and its 200-day simple moving average is $16.31. The firm has a market capitalization of $657.60 million, a PE ratio of 728.00 and a beta of 0.45. Hallador Energy has a fifty-two week low of $13.19 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The business had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. As a group, equities research analysts forecast that Hallador Energy will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Hallador Energy in the 2nd quarter valued at $49,594,000. Deutsche Bank AG acquired a new stake in Hallador Energy during the 2nd quarter worth $13,534,000. Empyrean Capital Partners LP acquired a new stake in Hallador Energy during the 1st quarter worth $8,140,000. Bank of New York Mellon Corp purchased a new position in Hallador Energy during the 2nd quarter worth $7,037,000. Finally, Value Aligned Research Advisors LLC purchased a new position in Hallador Energy during the 2nd quarter worth $5,578,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador’s operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.