Hallador Energy (NASDAQ:HNRG) Raised to “Strong-Buy” at Northland Capmk

Hallador Energy (NASDAQ:HNRG) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. B. Riley upped their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Northland Securities started coverage on shares of Hallador Energy in a report on Monday. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, StockNews.com raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hallador Energy presently has an average rating of “Buy” and a consensus target price of $18.33.

Hallador Energy Trading Down 0.9%

Shares of Hallador Energy stock opened at $18.80 on Monday. Hallador Energy has a twelve month low of $4.86 and a twelve month high of $19.63. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $13.93 and a 200-day moving average price of $12.27. The firm has a market cap of $807.95 million, a price-to-earnings ratio of -34.18 and a beta of 0.42.

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

Institutional Trading of Hallador Energy

Institutional investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC increased its position in Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company’s stock valued at $68,000 after acquiring an additional 1,373 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $750,000 after purchasing an additional 5,717 shares during the period. Legal & General Group Plc grew its holdings in 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 purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd bought a new position in Hallador Energy during the 4th quarter valued at about $121,000. Finally, Quantinno Capital Management LP raised its position in Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock worth $136,000 after purchasing an additional 1,729 shares during the period. 61.38% of the stock is currently owned by 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.