Wall Street Zen Upgrades Hallador Energy (NASDAQ:HNRG) to “Buy”

Hallador Energy (NASDAQ:HNRG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on HNRG. B. Riley cut Hallador Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Northland Securities began coverage on Hallador Energy in a report on Monday, May 19th. They set an “outperform” rating and a $23.00 price objective on the stock. Northland Capmk raised Hallador Energy to a “strong-buy” rating in a report on Monday, May 19th. Finally, Citigroup cut Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Hallador Energy Stock Up 3.6%

NASDAQ HNRG opened at $17.04 on Friday. The stock’s 50 day moving average is $16.65 and its 200 day moving average is $14.91. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. Hallador Energy has a 12 month low of $5.76 and a 12 month high of $22.01. The stock has a market cap of $732.89 million, a PE ratio of -3.41 and a beta of 0.45.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $91.73 million. Research analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 20,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $15.27 per share, with a total value of $305,400.00. Following the transaction, the director owned 234,914 shares in the company, valued at $3,587,136.78. This trade represents a 9.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.73% of the company’s stock.

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Hallador Energy by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after purchasing an additional 65,652 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Hallador Energy in the 2nd quarter valued at $18,735,000. Point72 Asset Management L.P. grew its position in Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after acquiring an additional 1,073,433 shares during the last quarter. Apis Capital Advisors LLC grew its position in Hallador Energy by 20.3% in the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock valued at $13,262,000 after acquiring an additional 181,935 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Hallador Energy by 15.8% in the 2nd quarter. American Century Companies Inc. now owns 1,071,326 shares of the energy company’s stock valued at $16,959,000 after acquiring an additional 146,514 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

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.