Hallador Energy Company (NASDAQ:HNRG) Receives $26.63 Consensus Target Price from Analysts

Shares of Hallador Energy Company (NASDAQ:HNRG) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $26.6250.

Several equities analysts recently issued reports on the stock. Northland Securities lifted their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empyrean Capital Partners LP acquired a new stake in shares of Hallador Energy during the first quarter worth $8,140,000. Quantinno Capital Management LP increased its holdings in Hallador Energy by 28.0% in the first quarter. Quantinno Capital Management LP now owns 29,325 shares of the energy company’s stock valued at $477,000 after buying an additional 6,417 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in Hallador Energy by 26.1% in the first quarter. Corsair Capital Management L.P. now owns 41,009 shares of the energy company’s stock valued at $668,000 after buying an additional 8,500 shares in the last quarter. Galaxy Digital Inc. purchased a new position in Hallador Energy in the first quarter valued at $1,628,000. Finally, Renaissance Technologies LLC increased its holdings in Hallador Energy by 2.9% in the first quarter. Renaissance Technologies LLC now owns 308,255 shares of the energy company’s stock valued at $5,018,000 after buying an additional 8,800 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG opened at $18.30 on Thursday. The firm has a market cap of $862.48 million, a PE ratio of 34.53 and a beta of 0.16. The firm’s 50 day simple moving average is $16.95 and its 200-day simple moving average is $18.75. Hallador Energy has a one year low of $14.42 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Equities research analysts predict that Hallador Energy will post 0.16 EPS for the current fiscal year.

About Hallador Energy

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.