Hallador Energy Company (HNRG) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst views are mixed: Six analysts give Hallador Energy a “Moderate Buy” consensus—two sell, two buy, and two strong buy ratings—with an average 12-month price target of $24.88.
• Quarterly results were uneven: Hallador reported a $0.32 per-share loss, missing the $0.12 loss estimate, although revenue of $101.51 million exceeded forecasts of $90.33 million.
• Shares opened at $9.61, near the 52-week low of $9.16 and well below the 52-week high of $24.70; institutional investors and hedge funds own 61.38% of the stock.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.88.

Several research analysts have weighed in on HNRG shares. Zacks Research downgraded Hallador Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 12th. Alliance Global Partners upgraded Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Weiss Ratings downgraded Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, August 18th. Wall Street Zen downgraded Hallador Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Finally, Northland Securities set a $27.00 price objective on shares of Hallador Energy in a research report on Tuesday, October 6th.

Institutional Trading of Hallador Energy

Several hedge funds have recently made changes to their positions in HNRG. State of Wyoming acquired a new position in shares of Hallador Energy during the second quarter worth about $32,000. Summit Securities Group LLC purchased a new position in Hallador Energy during the first quarter worth about $31,000. Persistent Asset Partners Ltd acquired a new stake in Hallador Energy in the second quarter valued at about $42,000. Meeder Asset Management Inc. lifted its position in Hallador Energy by 71.0% in the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company's stock valued at $64,000 after purchasing an additional 1,631 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Hallador Energy in the second quarter valued at about $144,000. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Stock Performance

NASDAQ HNRG opened at $9.61 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. Hallador Energy has a 52-week low of $9.16 and a 52-week high of $24.70. The business's 50-day moving average price is $13.88 and its 200 day moving average price is $16.43. The firm has a market cap of $453.02 million, a P/E ratio of 480.50 and a beta of 0.47.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. On average, equities research analysts expect that Hallador Energy will post -0.47 earnings per share for the current year.

About Hallador Energy

Hallador Energy Company NASDAQ: HNRG is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador's principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company's coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.

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