Hallador Energy (NASDAQ:HNRG) Coverage Initiated by Analysts at Northland Securities

Northland Securities began coverage on shares of Hallador Energy (NASDAQ:HNRG) in a research report report published on Monday, Marketbeat reports. The brokerage issued an outperform rating and a $23.00 price objective on the energy company’s stock.

Other research analysts have also issued reports about the company. B. Riley boosted their target price on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. StockNews.com upgraded Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th.

Hallador Energy Stock Down 1.3%

HNRG stock opened at $18.98 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $815.68 million, a PE ratio of -34.51 and a beta of 0.42. Hallador Energy has a 1-year low of $4.86 and a 1-year high of $19.53. The business’s 50 day simple moving average is $13.75 and its 200 day simple moving average is $12.23.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. The business had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. As a group, research analysts anticipate that Hallador Energy will post -0.31 EPS for the current year.

Institutional Trading of Hallador Energy

Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Holdings LLC boosted its stake in Hallador Energy by 33.0% in the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company’s stock valued at $68,000 after purchasing an additional 1,373 shares during the period. GAMMA Investing LLC lifted its position in shares of Hallador Energy by 1,391.0% during the 1st quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company’s stock valued at $750,000 after acquiring an additional 5,717 shares during the period. Legal & General Group Plc lifted its position in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after acquiring an additional 1,435 shares during the period. XTX Topco Ltd bought a new stake in shares of Hallador Energy during the 4th quarter valued at $121,000. Finally, Quantinno Capital Management LP lifted its position in shares of Hallador Energy by 17.0% during the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock valued at $136,000 after acquiring an additional 1,729 shares during the period. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

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.