StockNews.com Downgrades Hallador Energy (NASDAQ:HNRG) to Hold

Hallador Energy (NASDAQ:HNRG - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.

A number of other equities analysts also recently commented on HNRG. Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a report on Monday. B. Riley increased their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Finally, Northland Securities assumed coverage on Hallador Energy in a research report on Monday. They issued an "outperform" rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hallador Energy currently has an average rating of "Buy" and a consensus target price of $18.33.

Hallador Energy Stock Down 0.9%

Shares of HNRG opened at $18.80 on Wednesday. The firm has a market capitalization of $807.95 million, a P/E ratio of -34.18 and a beta of 0.42. Hallador Energy has a 12-month low of $4.86 and a 12-month high of $19.63. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $13.93 and a 200-day moving average price of $12.27.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.39. The firm had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. Equities research analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Highland Peak Capital LLC acquired a new stake in shares of Hallador Energy in the 4th quarter worth $5,895,000. Raymond James Financial Inc. acquired a new position in Hallador Energy in the 4th quarter valued at about $873,000. Russell Investments Group Ltd. lifted 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. American Century Companies Inc. lifted its position in shares of Hallador Energy by 22.6% during the fourth quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock worth $9,095,000 after purchasing an additional 146,450 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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. Hedge funds and other institutional investors own 61.38% of the company's stock.

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.

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