Hallador Energy Company (NASDAQ:HNRG) Given Consensus Rating of “Hold” by Analysts

Shares of Hallador Energy Company (NASDAQ:HNRG) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.6667.

A number of research firms recently issued reports on HNRG. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Industrial Alliance Securities set a $28.00 price target on shares of Hallador Energy in a report on Tuesday, November 11th. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th.

Hallador Energy Trading Down 3.0%

Shares of HNRG stock opened at $17.94 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $786.31 million, a price-to-earnings ratio of -4.00 and a beta of 0.23. Hallador Energy has a 12-month low of $8.37 and a 12-month high of $24.70. The stock’s 50-day moving average price is $19.65 and its 200-day moving average price is $19.06.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%.The company had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million. Equities 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 purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the transaction, the director directly owned 267,914 shares in the company, valued at $4,776,906.62. This represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently modified their holdings of HNRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hallador Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after acquiring an additional 624 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Hallador Energy by 2.9% in the 4th quarter. Levin Capital Strategies L.P. now owns 42,308 shares of the energy company’s stock worth $806,000 after purchasing an additional 1,191 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Hallador Energy by 68.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after purchasing an additional 1,283 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Hallador Energy during the third quarter valued at approximately $32,000. Finally, Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter valued at approximately $27,000. 61.38% of the stock is owned by 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.