Hallador Energy (NASDAQ:HNRG) Downgraded to Hold Rating by Wall Street Zen

Hallador Energy (NASDAQ:HNRG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

HNRG has been the subject of several other research reports. Citigroup cut Hallador Energy to a “neutral” rating in a research note on Tuesday. Northland Securities initiated coverage on Hallador Energy in a report on Monday, May 19th. They issued an “outperform” rating and a $23.00 price objective for the company. B. Riley cut Hallador Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $15.00 to $17.00 in a research note on Tuesday. Finally, Northland Capmk raised Hallador Energy to a “strong-buy” rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $16.37 on Friday. Hallador Energy has a 1-year low of $5.58 and a 1-year high of $22.01. The firm has a market capitalization of $704.07 million, a PE ratio of -3.28 and a beta of 0.52. The business’s fifty day moving average price is $16.51 and its two-hundred day moving average price is $14.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. The company had revenue of $102.89 million during the quarter, compared to analysts’ expectations of $91.73 million. On average, research analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insider Transactions at Hallador Energy

In related news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the transaction, the director directly owned 139,089 shares of the company’s stock, valued at $2,649,645.45. The trade was a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock valued at $50,000 after purchasing an additional 2,374 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $212,000. Hudson Bay Capital Management LP acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $1,426,000. Engineers Gate Manager LP boosted its position in shares of Hallador Energy by 80.7% in the 2nd quarter. Engineers Gate Manager LP now owns 46,651 shares of the energy company’s stock valued at $738,000 after purchasing an additional 20,828 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Hallador Energy by 1.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 285,901 shares of the energy company’s stock valued at $4,526,000 after purchasing an additional 2,739 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.