Hallador Energy Company (NASDAQ:HNRG) Receives Consensus Recommendation of “Hold” from Analysts

Hallador Energy Company (NASDAQ:HNRG) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.8750.

A number of analysts have recently commented on HNRG shares. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group began coverage on shares of Hallador Energy in a research note on Tuesday. They set a “hold” rating and a $17.50 price target for the company.

Hallador Energy Trading Up 5.8%

Shares of NASDAQ:HNRG opened at $16.63 on Wednesday. The firm has a market cap of $781.94 million, a price-to-earnings ratio of 17.32 and a beta of 0.22. Hallador Energy has a 12 month low of $9.25 and a 12 month high of $24.70. The company’s fifty day simple moving average is $18.71 and its 200 day simple moving average is $19.44. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $101.94 million during 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%. As a group, research analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HNRG. Geode Capital Management LLC boosted its stake in shares of Hallador Energy by 8.8% during the 2nd 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. Great Lakes Advisors LLC bought a new position in shares of Hallador Energy in the 3rd quarter valued at about $2,234,000. American Century Companies Inc. increased its position in shares of Hallador Energy by 15.8% in the second 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. Squarepoint Ops LLC raised its holdings in Hallador Energy by 241.1% during the second quarter. Squarepoint Ops LLC now owns 94,355 shares of the energy company’s stock worth $1,494,000 after acquiring an additional 66,691 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Hallador Energy during the second quarter worth about $6,910,000. Institutional investors own 61.38% of the company’s stock.

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.