StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG - Free Report) from a sell rating to a hold rating in a report published on Monday morning.
Other research analysts have also issued reports about the stock. B. Riley upped their target price on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Alliance Global Partners initiated coverage on Hallador Energy in a research note on Monday, December 9th. They set a "buy" rating and a $17.00 price objective for the company.
Get Our Latest Stock Analysis on Hallador Energy
Hallador Energy Price Performance
NASDAQ HNRG traded up $0.86 on Monday, hitting $13.36. The stock had a trading volume of 953,611 shares, compared to its average volume of 544,424. The firm has a 50-day moving average of $11.13 and a 200-day moving average of $11.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The company has a market capitalization of $569.39 million, a price-to-earnings ratio of -24.29 and a beta of 0.18.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $94.80 million during the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. Equities analysts expect that Hallador Energy will post -0.31 EPS for the current year.
Institutional Investors Weigh In On Hallador Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after purchasing an additional 1,435 shares during the period. Quantinno Capital Management LP bought a new position in Hallador Energy in the third quarter worth $96,000. Janus Henderson Group PLC purchased a new position in Hallador Energy during the third quarter valued at $119,000. XTX Topco Ltd bought a new stake in shares of Hallador Energy during the 4th quarter valued at $121,000. Finally, Intech Investment Management LLC bought a new stake in shares of Hallador Energy during the 4th quarter valued at $156,000. 61.38% of the stock is 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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