Hallador Energy (NASDAQ:HNRG) Cut to “Sell” at Wall Street Zen

Hallador Energy (NASDAQ:HNRG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

HNRG has been the topic 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 report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Finally, B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Hallador Energy Price Performance

Shares of HNRG stock opened at $15.72 on Friday. The company has a market cap of $739.15 million, a P/E ratio of 16.38 and a beta of 0.22. The stock’s 50-day moving average is $18.88 and its 200 day moving average is $19.43. Hallador Energy has a 1-year low of $9.25 and a 1-year high of $24.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23.

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

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in shares of Hallador Energy by 2.9% during the fourth 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 in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Hallador Energy by 68.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after buying an additional 1,283 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Hallador Energy in the third quarter valued at $32,000. 61.38% of the stock is 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.