Hallador Energy (NASDAQ:HNRG) Downgraded to Hold at StockNews.com

Hallador Energy (NASDAQ:HNRG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, B. Riley upped their target price on shares of Hallador Energy from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th.

Hallador Energy Stock Performance

NASDAQ:HNRG opened at $12.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.18. The firm has a market capitalization of $416.24 million, a price-to-earnings ratio of 5.34 and a beta of 0.71. Hallador Energy has a one year low of $6.87 and a one year high of $15.79. The business has a fifty day moving average price of $13.40 and a 200-day moving average price of $10.64.

Institutional Trading of Hallador Energy

Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in Hallador Energy by 15.3% in the 2nd quarter. Acadian Asset Management LLC now owns 301,989 shares of the energy company’s stock worth $2,587,000 after purchasing an additional 40,083 shares during the period. EA Series Trust purchased a new stake in Hallador Energy in the 2nd quarter worth about $1,295,000. Strs Ohio purchased a new stake in Hallador Energy in the 2nd quarter worth about $342,000. Nemes Rush Group LLC purchased a new stake in Hallador Energy in the 2nd quarter worth about $54,000. Finally, CWM LLC raised its position in Hallador Energy by 45,454.5% in the 3rd quarter. CWM LLC now owns 10,022 shares of the energy company’s stock worth $145,000 after purchasing an additional 10,000 shares during the period. 44.86% of the stock is currently owned by hedge funds and other institutional investors.

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.