Hallador Energy (NASDAQ:HNRG) Rating Lowered to “Strong Sell” at Zacks Research

Hallador Energy (NASDAQ:HNRG) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on HNRG. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Hallador Energy Trading Down 1.8%

Shares of Hallador Energy stock opened at $15.49 on Wednesday. The company has a market cap of $730.25 million, a PE ratio of 774.50 and a beta of 0.25. The company has a 50 day moving average of $16.30 and a 200-day moving average of $17.28. Hallador Energy has a 1-year low of $13.65 and a 1-year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The firm had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.53%. Research analysts forecast that Hallador Energy will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. This represents a 4.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Timothy Hudson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were acquired at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 35,000 shares of company stock worth $589,170. Insiders own 17.43% of the company’s stock.

Institutional Trading of Hallador Energy

Several large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hallador Energy in the 2nd quarter valued at about $2,627,000. JB Capital Partners LP bought a new position in Hallador Energy in the second quarter worth approximately $2,782,400,000. Meeder Asset Management Inc. bought a new position in Hallador Energy in the second quarter worth approximately $71,000. BlackRock Inc. acquired a new stake in Hallador Energy in the second quarter valued at approximately $49,594,000. Finally, Deutsche Bank AG acquired a new stake in Hallador Energy in the second quarter valued at approximately $13,534,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.