Hallador Energy (NASDAQ:HNRG) Downgraded by Zacks Research to Hold

Key Points

• Hallador Energy has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting shifts in analyst sentiment regarding the company's stock performance.
• The stock is currently showing a market capitalization of approximately $920.84 million and has experienced a 1-year trading range between $8.13 and $22.02.
• Insider trading activity has seen Director David C. Hardie sell 100,000 shares, representing an 82.60% decrease in his position, while another Director, Charles Ray Iv Wesley, increased his stake by 9.31% through a purchase of 20,000 shares.

Hallador Energy (NASDAQ:HNRG - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Citigroup cut shares of Hallador Energy to a "neutral" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Finally, B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and increased their price target for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.00.

Hallador Energy Stock Up 1.9%

Shares of NASDAQ HNRG opened at $21.41 on Monday. The stock has a market capitalization of $920.84 million, a P/E ratio of -4.29 and a beta of 0.39. The company has a 50-day moving average price of $18.16 and a 200-day moving average price of $16.49. Hallador Energy has a 1 year low of $8.13 and a 1 year high of $22.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.34. The firm had revenue of $102.89 million during the quarter, compared to analysts' expectations of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. On average, equities research analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In related news, Director David C. Hardie sold 100,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director owned 21,072 shares of the company's stock, valued at approximately $411,536.16. This trade represents a 82.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Ray Iv Wesley bought 20,000 shares of Hallador Energy stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the acquisition, the director owned 234,914 shares in the company, valued at $3,587,136.78. The trade was a 9.31% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 372,062 shares of company stock worth $7,232,705. 23.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hallador Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock valued at $187,000 after buying an additional 624 shares during the period. Rhumbline Advisers lifted its position in shares of Hallador Energy by 2.5% in the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock worth $462,000 after purchasing an additional 935 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Hallador Energy by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 107,766 shares of the energy company's stock worth $1,706,000 after purchasing an additional 1,016 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company's stock worth $50,000 after purchasing an additional 1,283 shares during the period. Finally, Pinnacle Holdings LLC lifted its position in shares of Hallador Energy by 33.0% in the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after purchasing an additional 1,373 shares during the period. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Company Profile

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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