Hallador Energy (NASDAQ:HNRG) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Hallador Energy (NASDAQ:HNRG) in a report issued on Tuesday morning, MarketBeat reports. The firm issued a hold rating and a $17.50 target price on the energy company’s stock.

HNRG has been the subject of a number of other research reports. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hallador Energy presently has an average rating of “Hold” and an average target price of $23.88.

Hallador Energy Trading Up 5.8%

Shares of HNRG stock opened at $16.63 on Tuesday. Hallador Energy has a 52-week low of $9.25 and a 52-week high of $24.70. The stock has a market cap of $781.94 million, a price-to-earnings ratio of 17.32 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81. The firm has a fifty day moving average of $18.71 and a 200-day moving average of $19.44.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $101.94 million for the quarter, compared to analyst estimates of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. On average, equities research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

A number of large investors have recently modified their holdings of HNRG. Caitong International Asset Management Co. Ltd grew its stake in shares of Hallador Energy by 18,664.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company’s stock valued at $121,000 after purchasing an additional 6,346 shares during the last quarter. Oxford Asset Management LLP bought a new position in Hallador Energy in the 4th quarter worth approximately $217,000. Millennium Management LLC lifted its holdings in Hallador Energy by 16.0% during the 4th quarter. Millennium Management LLC now owns 609,318 shares of the energy company’s stock worth $11,601,000 after buying an additional 84,238 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Hallador Energy during the 4th quarter worth $322,000. Finally, Apis Capital Advisors LLC boosted its position in Hallador Energy by 7.0% in the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock valued at $17,403,000 after buying an additional 60,000 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

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.