Hallador Energy (NASDAQ:HNRG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a research report released on Tuesday morning.

Separately, B. Riley raised their target price on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st.

Hallador Energy Stock Up 2.3%

Hallador Energy stock opened at $18.89 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The stock has a market capitalization of $811.82 million, a price-to-earnings ratio of -34.34 and a beta of 0.42. Hallador Energy has a 1-year low of $4.86 and a 1-year high of $19.53. The business has a fifty day moving average price of $13.37 and a 200-day moving average price of $12.07.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. The company had revenue of $117.79 million during the quarter, compared to analyst estimates 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 forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Hallador Energy by 272.9% in the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock valued at $312,000 after purchasing an additional 24,247 shares in the last quarter. Highland Peak Capital LLC purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $5,895,000. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $873,000. Russell Investments Group Ltd. increased its stake in shares of Hallador Energy by 814.1% in the 4th quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company’s stock valued at $1,294,000 after purchasing an additional 100,658 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 purchasing an additional 146,450 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.