Zacks Investment Research cut shares of Hallador Energy Company (NASDAQ:HNRG) from a buy rating to a sell rating in a research note released on Wednesday morning.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, FBR & Co cut their price target on Hallador Energy from $12.00 to $11.00 and set an outperform rating on the stock in a report on Wednesday, March 15th.
Shares of Hallador Energy (NASDAQ HNRG) opened at 7.77 on Wednesday. Hallador Energy has a 1-year low of $4.54 and a 1-year high of $10.40. The stock’s 50 day moving average price is $7.57 and its 200 day moving average price is $8.24. The stock has a market cap of $229.20 million, a PE ratio of 17.00 and a beta of -0.60.
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Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Hallador Energy during the fourth quarter valued at about $510,000. Dimensional Fund Advisors LP increased its stake in shares of Hallador Energy by 191.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,532 shares of the energy company’s stock valued at $3,714,000 after buying an additional 268,161 shares during the period. FMR LLC bought a new stake in shares of Hallador Energy during the fourth quarter valued at about $459,000. Renaissance Technologies LLC increased its stake in shares of Hallador Energy by 57.8% in the fourth quarter. Renaissance Technologies LLC now owns 172,500 shares of the energy company’s stock valued at $1,568,000 after buying an additional 63,200 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Hallador Energy during the first quarter valued at about $142,000. 57.00% of the stock is currently owned by institutional investors and hedge funds.
About Hallador Energy
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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