Hallador Energy (NASDAQ:HNRG) Price Target Raised to $11.00 at B. Riley

Hallador Energy (NASDAQ:HNRG) had its price objective boosted by B. Riley from $9.00 to $11.00 in a research report sent to investors on Wednesday morning, FlyOnTheWall reports.

Separately, StockNews.com assumed coverage on shares of Hallador Energy in a report on Thursday, August 17th. They issued a buy rating on the stock.

Hallador Energy Trading Down 1.1 %

NASDAQ HNRG opened at $11.72 on Wednesday. The company’s fifty day simple moving average is $9.59 and its 200-day simple moving average is $8.77. Hallador Energy has a 52 week low of $5.03 and a 52 week high of $12.48. The company has a current ratio of 0.63, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The stock has a market cap of $388.40 million, a P/E ratio of 5.98 and a beta of 0.79.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, August 7th. The energy company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Hallador Energy had a net margin of 12.03% and a return on equity of 31.69%. The business had revenue of $161.19 million for the quarter, compared to analysts’ expectations of $158.00 million. Equities research analysts predict that Hallador Energy will post 1.37 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

Several institutional investors have recently added to or reduced their stakes in HNRG. American Century Companies Inc. raised its holdings in Hallador Energy by 30.5% in the first quarter. American Century Companies Inc. now owns 17,093 shares of the energy company’s stock valued at $60,000 after acquiring an additional 3,996 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hallador Energy by 56.1% in the first quarter. Dimensional Fund Advisors LP now owns 378,727 shares of the energy company’s stock valued at $1,326,000 after acquiring an additional 136,092 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Hallador Energy in the first quarter valued at $52,000. Invesco Ltd. bought a new stake in Hallador Energy during the first quarter valued at $230,000. Finally, State Street Corp increased its stake in Hallador Energy by 48.1% during the first quarter. State Street Corp now owns 84,467 shares of the energy company’s stock valued at $296,000 after purchasing an additional 27,431 shares during the last quarter. 44.86% of the stock is owned by institutional investors and hedge funds.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.