Shares of Hallador Energy Company (NASDAQ:HNRG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.00.
Several research analysts have weighed in on HNRG shares. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from $15.00 to $17.00 in a research note on Tuesday. Citigroup downgraded Hallador Energy to a "neutral" rating in a research note on Tuesday. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Northland Securities began coverage on Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target on the stock.
Read Our Latest Analysis on Hallador Energy
Insiders Place Their Bets
In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $19.05, for a total value of $1,863,794.85. Following the sale, the director owned 139,089 shares of the company's stock, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.73% of the company's stock.
Institutional Trading of Hallador Energy
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Hallador Energy by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after acquiring an additional 173,749 shares in the last quarter. Vanguard Group Inc. lifted its position in Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock worth $20,797,000 after buying an additional 65,652 shares during the period. Empyrean Capital Partners LP lifted its position in Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock worth $15,171,000 after buying an additional 550,000 shares during the period. Ameriprise Financial Inc. purchased a new position in Hallador Energy during the second quarter worth about $18,735,000. Finally, Point72 Asset Management L.P. lifted its position in Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock worth $12,566,000 after buying an additional 1,073,433 shares during the period. 61.38% of the stock is currently owned by hedge funds and other institutional investors.
Hallador Energy Stock Performance
HNRG traded down $0.79 during trading on Tuesday, hitting $16.37. 1,164,687 shares of the stock were exchanged, compared to its average volume of 867,356. The firm has a market capitalization of $704.07 million, a P/E ratio of -3.28 and a beta of 0.52. Hallador Energy has a 1-year low of $5.58 and a 1-year high of $22.01. The stock has a fifty day moving average price of $16.51 and a two-hundred day moving average price of $14.37. The company has a quick ratio of 0.17, a current ratio of 0.67 and a debt-to-equity ratio of 0.25.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.34. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. The company had revenue of $102.89 million for the quarter, compared to analyst estimates of $91.73 million. As a group, sell-side analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.
About Hallador Energy
(
Get Free Report)
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.
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