Wall Street Zen lowered shares of Hallador Energy (NASDAQ:HNRG - Free Report) from a buy rating to a hold rating in a research note published on Wednesday.
A number of other analysts have also recently weighed in on the stock. Northland Securities started coverage on shares of Hallador Energy in a report on Monday, May 19th. They issued an "outperform" rating and a $23.00 price objective on the stock. Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. Finally, B. Riley boosted their price objective on Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Hallador Energy presently has a consensus rating of "Buy" and an average target price of $18.33.
Read Our Latest Stock Analysis on HNRG
Hallador Energy Stock Down 7.3%
NASDAQ HNRG traded down $1.38 during mid-day trading on Wednesday, reaching $17.45. 2,098,763 shares of the company's stock traded hands, compared to its average volume of 598,910. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 1-year low of $4.86 and a 1-year high of $19.71. The company has a fifty day simple moving average of $14.35 and a 200-day simple moving average of $12.48. The company has a market cap of $749.93 million, a price-to-earnings ratio of -31.73 and a beta of 0.42.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.39. The business had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. As a group, equities research analysts expect that Hallador Energy will post -0.31 EPS for the current year.
Insider Activity at Hallador Energy
In related news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total value of $1,863,794.85. Following the completion of the sale, the director now directly owns 139,089 shares in the company, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 32.30% of the company's stock.
Hedge Funds Weigh In On Hallador Energy
Large investors have recently made changes to their positions in the business. Highland Peak Capital LLC bought a new position in shares of Hallador Energy during the 4th quarter worth about $5,895,000. Raymond James Financial Inc. acquired a new stake in Hallador Energy during the fourth quarter worth about $873,000. Russell Investments Group Ltd. increased its stake in Hallador Energy by 814.1% during the fourth quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock valued at $1,294,000 after acquiring an additional 100,658 shares during the period. American Century Companies Inc. raised its holdings in Hallador Energy by 22.6% in the 4th quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock valued at $9,095,000 after acquiring an additional 146,450 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Hallador Energy by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 648,055 shares of the energy company's stock valued at $7,420,000 after acquiring an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company's stock.
About Hallador Energy
(
Get Free Report)
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.
Further Reading
Before you consider Hallador Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hallador Energy wasn't on the list.
While Hallador Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
