StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG - Free Report) to a sell rating in a research note issued to investors on Friday.
Separately, Alliance Global Partners began coverage on Hallador Energy in a research report on Monday, December 9th. They issued a "buy" rating and a $17.00 target price on the stock.
Get Our Latest Stock Report on Hallador Energy
Hallador Energy Stock Performance
Shares of HNRG stock traded up $0.39 during trading hours on Friday, reaching $13.17. The company had a trading volume of 717,687 shares, compared to its average volume of 514,292. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The business has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.64. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The firm has a market cap of $561.29 million, a PE ratio of -23.95 and a beta of 0.55.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The business had revenue of $94.80 million during the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. Sell-side analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hallador Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC purchased a new stake in Hallador Energy in the third quarter worth about $351,000. Pekin Hardy Strauss Inc. raised its stake in Hallador Energy by 87.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company's stock worth $1,329,000 after acquiring an additional 65,850 shares during the period. Taconic Capital Advisors LP purchased a new position in Hallador Energy during the third quarter valued at approximately $4,147,000. Centiva Capital LP boosted its position in shares of Hallador Energy by 97.6% in the third quarter. Centiva Capital LP now owns 24,153 shares of the energy company's stock worth $228,000 after purchasing an additional 11,929 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of Hallador Energy in the third quarter worth $119,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.
Hallador Energy Company Profile
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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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