Hallador Energy (NASDAQ:HNRG) Upgraded by Wall Street Zen to "Buy" Rating

Hallador Energy (NASDAQ:HNRG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

HNRG has been the subject of a number of other reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hallador Energy in a report on Saturday. Zacks Research downgraded Hallador Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. Citigroup downgraded Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Finally, B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Hallador Energy presently has an average rating of "Hold" and a consensus target price of $19.00.

Hallador Energy Stock Performance

Shares of HNRG opened at $20.63 on Friday. The business's 50 day moving average is $18.41 and its two-hundred day moving average is $16.98. Hallador Energy has a 52-week low of $8.13 and a 52-week high of $22.44. The firm has a market cap of $887.30 million, a price-to-earnings ratio of -4.13 and a beta of 0.39. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results 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. 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. Analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the acquisition, the director directly owned 234,914 shares in the company, valued at $3,587,136.78. This represents a 9.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director David C. Hardie sold 100,000 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total value of $1,953,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 372,062 shares of company stock valued at $7,232,705. Insiders own 23.73% of the company's stock.

Institutional Trading of Hallador Energy

Several institutional investors have recently modified their holdings of HNRG. Ameriprise Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at $18,735,000. CenterBook Partners LP lifted its holdings in shares of Hallador Energy by 2,371.9% during the second quarter. CenterBook Partners LP now owns 786,671 shares of the energy company's stock valued at $12,453,000 after purchasing an additional 754,846 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock valued at $5,975,000 after purchasing an additional 450,049 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Hallador Energy during the second quarter valued at $6,910,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Hallador Energy by 546.8% during the second quarter. Acadian Asset Management LLC now owns 425,584 shares of the energy company's stock valued at $6,735,000 after purchasing an additional 359,789 shares during the last quarter. Institutional investors and hedge funds 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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