Hallador Energy (NASDAQ:HNRG) Raised to “Strong-Buy” at Jefferies Financial Group

Hallador Energy (NASDAQ:HNRG) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on HNRG. Zacks Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Northland Securities upped their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. Wall Street Zen cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Finally, B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.63.

Hallador Energy Price Performance

NASDAQ:HNRG opened at $17.57 on Thursday. The stock has a 50 day moving average of $18.61 and a two-hundred day moving average of $19.42. Hallador Energy has a 12 month low of $9.25 and a 12 month high of $24.70. The firm has a market cap of $826.14 million, a P/E ratio of 18.30 and a beta of 0.22. The company has a current ratio of 0.81, a quick ratio of 0.23 and a debt-to-equity ratio of 0.19.

Hallador Energy (NASDAQ:HNRG) last released 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). Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%.The business had revenue of $101.94 million for the quarter, compared to the consensus estimate of $105.48 million. On average, analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lubar & Co. Inc purchased a new position in shares of Hallador Energy during the 4th quarter worth $103,806,000. American Century Companies Inc. boosted its position in shares of Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after acquiring an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Hallador Energy in the second quarter valued at about $18,735,000. Apis Capital Advisors LLC increased its position in Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Hallador Energy by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 913,202 shares of the energy company’s stock worth $17,387,000 after purchasing an additional 40,245 shares during the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

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.