Hallador Energy (NASDAQ:HNRG) Downgraded to Strong Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hallador Energy from “sell” to “strong sell”, even as other analysts remain more mixed on the stock.
• The broader analyst consensus is still “Moderate Buy”, with a consensus price target of $26.63; recent ratings included upgrades from Northland Securities, Jefferies, and B. Riley, while Zacks Research cut its view.
• Hallador Energy recently missed quarterly earnings estimates, reporting -$0.20 EPS versus expectations for -$0.16, while revenue of $101.81 million came in slightly below forecasts.

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

Several other research analysts have also recently commented on HNRG. Northland Securities increased their price target on Hallador Energy from $29.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Weiss Ratings raised Hallador Energy from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Thursday. Jefferies Financial Group raised Hallador Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 26th. B. Riley Financial raised Hallador Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Finally, Zacks Research cut Hallador Energy from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.63.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $18.81 on Friday. The stock has a 50 day moving average price of $16.92 and a 200 day moving average price of $18.80. Hallador Energy has a 52 week low of $14.42 and a 52 week high of $24.70. The stock has a market capitalization of $886.52 million, a PE ratio of 35.49 and a beta of 0.16.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The company had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. As a group, research analysts forecast that Hallador Energy will post 0.14 EPS for the current year.

Institutional Trading of Hallador Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hallador Energy by 4.3% in the first 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. Royal Bank of Canada raised its stake in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock valued at $27,000 after buying an additional 679 shares during the period. Levin Capital Strategies L.P. raised its stake in Hallador Energy by 2.9% in the fourth quarter. Levin Capital Strategies L.P. now owns 42,308 shares of the energy company's stock valued at $806,000 after buying an additional 1,191 shares during the period. Meeder Asset Management Inc. raised its stake 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 buying an additional 1,631 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in Hallador Energy in the third quarter valued at approximately $32,000. Institutional investors own 61.38% of the company's stock.

About Hallador Energy

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.

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