JPMorgan Chase & Co. Lowers Holdings in Hallador Energy Company $HNRG

JPMorgan Chase & Co. lowered its holdings in Hallador Energy Company (NASDAQ:HNRG) by 38.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,735 shares of the energy company’s stock after selling 94,143 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of Hallador Energy worth $2,950,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in Hallador Energy by 10.6% in 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 buying an additional 113,547 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Hallador Energy during the second quarter worth $18,735,000. Apis Capital Advisors LLC raised its stake in shares of Hallador Energy by 3.4% in the third quarter. Apis Capital Advisors LLC now owns 854,000 shares of the energy company’s stock valued at $16,713,000 after acquiring an additional 28,000 shares in the last quarter. Millennium Management LLC boosted its holdings in Hallador Energy by 1,745.5% in the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after purchasing an additional 496,628 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Hallador Energy by 2.7% in the third quarter. Bridgeway Capital Management LLC now owns 491,003 shares of the energy company’s stock valued at $9,609,000 after purchasing an additional 12,893 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. 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 research note on Thursday, March 26th. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hallador Energy presently has an average rating of “Moderate Buy” and a consensus target price of $26.63.

Hallador Energy Price Performance

Hallador Energy stock opened at $15.83 on Friday. The stock has a market cap of $744.33 million, a PE ratio of 16.49 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. The stock’s fifty day moving average is $18.21 and its two-hundred day moving average is $19.37. Hallador Energy Company has a 1-year low of $9.25 and a 1-year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $105.48 million. On average, sell-side analysts expect that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

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.