Hallador Energy (NASDAQ:HNRG) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Hallador Energy (NASDAQ:HNRG) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other research firms have also weighed in on HNRG. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Industrial Alliance Securities set a $28.00 price objective on Hallador Energy in a research note on Tuesday, November 11th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.67.

Hallador Energy Stock Down 8.9%

Shares of NASDAQ:HNRG opened at $18.79 on Monday. The stock has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $18.72. The stock has a market capitalization of $823.57 million, a P/E ratio of -4.19 and a beta of 0.26. Hallador Energy has a 1 year low of $8.37 and a 1 year high of $24.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The firm had revenue of $146.85 million for the quarter, compared to analyst estimates of $110.92 million. Equities analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the acquisition, the director directly owned 267,914 shares of the company’s stock, valued at $4,776,906.62. This represents a 8.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.73% of the stock is owned by corporate insiders.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Hallador Energy by 10.6% in the third quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after purchasing an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at approximately $18,735,000. Apis Capital Advisors LLC boosted its stake in shares of Hallador Energy by 3.4% during the 3rd quarter. Apis Capital Advisors LLC now owns 854,000 shares of the energy company’s stock valued at $16,713,000 after buying an additional 28,000 shares during the last quarter. CenterBook Partners LP grew its position in shares of Hallador Energy by 2,371.9% during the second quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock worth $12,453,000 after buying an additional 754,846 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Hallador Energy by 8.8% in the second quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock worth $12,029,000 after buying an additional 61,666 shares during the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.