Hallador Energy (NASDAQ:HNRG) Cut to "Neutral" at B. Riley

Key Points

• Hallador Energy's rating was downgraded from "buy" to "neutral" by B. Riley, with a new price target of $17.00, suggesting a potential downside of 9.24% from its current stock price.
• Other analysts have varied opinions on Hallador Energy, with Northland Securities issuing an "outperform" rating and a price target of $23.00, while the average consensus rating remains a "Moderate Buy" with a target price of $19.00.
• Despite the downgrade, Hallador Energy reported a profit of $0.19 EPS in its latest earnings, exceeding estimates, and had a revenue of $102.89 million, indicating strong financial performance.

B. Riley downgraded shares of Hallador Energy (NASDAQ:HNRG - Free Report) from a buy rating to a neutral rating in a report released on Tuesday, Marketbeat reports. The brokerage currently has $17.00 target price on the energy company's stock, up from their prior target price of $15.00. B. Riley also issued estimates for Hallador Energy's Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.20 EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.08 EPS, FY2026 earnings at $0.51 EPS, Q1 2027 earnings at $0.41 EPS, Q2 2027 earnings at ($0.01) EPS, FY2027 earnings at $0.85 EPS and FY2028 earnings at $0.55 EPS.

A number of other equities analysts also recently commented on HNRG. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Northland Securities began coverage on Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.00.

Hallador Energy Trading Down 3.4%

Shares of NASDAQ HNRG traded down $0.60 during trading on Tuesday, hitting $17.16. 924,984 shares of the company were exchanged, compared to its average volume of 869,672. Hallador Energy has a 12-month low of $5.58 and a 12-month high of $22.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.17 and a current ratio of 0.67. The company has a fifty day moving average price of $16.53 and a 200-day moving average price of $14.32. The firm has a market capitalization of $738.05 million, a PE ratio of -3.44 and a beta of 0.52.

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, topping analysts' consensus estimates of ($0.15) by $0.34. The firm had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, equities research analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 97,837 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the sale, the director owned 139,089 shares in the company, valued at $2,649,645.45. The trade was 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 available through the SEC website. 23.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Hallador Energy during the second quarter worth approximately $27,000. Quantinno Capital Management LP lifted its stake in Hallador Energy by 12.8% during the second quarter. Quantinno Capital Management LP now owns 18,529 shares of the energy company's stock worth $293,000 after purchasing an additional 2,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hallador Energy by 11.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,002 shares of the energy company's stock worth $269,000 after purchasing an additional 1,809 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy during the second quarter worth approximately $183,000. Finally, Squarepoint Ops LLC lifted its stake in Hallador Energy by 241.1% during the second quarter. Squarepoint Ops LLC now owns 94,355 shares of the energy company's stock worth $1,494,000 after purchasing an additional 66,691 shares during the last quarter. 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.