Hallador Energy (NASDAQ:HNRG) Downgraded by Wall Street Zen to Hold

Key Points

• Hallador Energy has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, following a series of mixed analyst ratings affecting its stock outlook.
• The company reported a quarterly earnings surpassing expectations, with earnings per share of $0.19, compared to the consensus estimate of ($0.15).
• Hallador Energy's stock performance shows significant volatility, with a 1-year low of $5.58 and a high of $22.01, highlighting potential risks and rewards for investors.

Hallador Energy (NASDAQ:HNRG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

HNRG has been the subject of several other reports. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Northland Securities initiated coverage on Hallador Energy in a research report on Monday, May 19th. They issued an "outperform" rating and a $23.00 price objective for the company. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Finally, Citigroup cut Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Hallador Energy Stock Performance

HNRG stock traded up $0.84 during trading on Friday, hitting $15.87. 960,131 shares of the company traded hands, compared to its average volume of 925,680. The stock's 50-day simple moving average is $16.47 and its 200 day simple moving average is $14.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. The company has a market cap of $682.57 million, a PE ratio of -3.18 and a beta of 0.52. Hallador Energy has a 1 year low of $5.69 and a 1 year high of $22.01.

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

Insider Activity at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the transaction, the director owned 234,914 shares of the company's stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 23.73% of the company's stock.

Institutional Trading of Hallador Energy

Several large investors have recently made changes to their positions in HNRG. Geode Capital Management LLC increased its position in shares of Hallador Energy by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 684,159 shares of the energy company's stock worth $7,836,000 after purchasing an additional 11,358 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Hallador Energy by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock worth $170,000 after purchasing an additional 3,235 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Hallador Energy by 814.1% during the fourth quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock worth $1,294,000 after purchasing an additional 100,658 shares in the last quarter. Legal & General Group Plc increased its position in shares of Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Hallador Energy by 5.7% during the fourth quarter. Renaissance Technologies LLC now owns 648,055 shares of the energy company's stock worth $7,420,000 after purchasing an additional 35,000 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

About Hallador Energy

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.