Hallador Energy (NASDAQ:HNRG) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a strong sell rating in a report published on Saturday.

HNRG has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Northland Securities set a $28.00 target price on Hallador Energy in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hallador Energy has a consensus rating of “Moderate Buy” and an average target price of $25.12.

Hallador Energy Price Performance

Shares of HNRG stock opened at $16.16 on Friday. The firm has a market cap of $761.78 million, a P/E ratio of 808.00 and a beta of 0.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.29. Hallador Energy has a 1-year low of $13.65 and a 1-year high of $24.70. The firm has a fifty day moving average of $16.29 and a two-hundred day moving average of $17.27.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The company had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. As a group, research analysts anticipate that Hallador Energy will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $16.69 per share, with a total value of $250,350.00. Following the acquisition, the director owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This represents a 4.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel Timothy Hudson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the acquisition, the director directly 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. Insiders have acquired 35,000 shares of company stock worth $589,170 over the last three months. 17.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of HNRG. AQR Capital Management LLC grew its holdings in shares of Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after purchasing an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hallador Energy by 1,233.6% in the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after purchasing an additional 450,049 shares during the last quarter. Empowered Funds LLC boosted its position in Hallador Energy by 5.5% during the 1st quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Hallador Energy during the 1st quarter valued at approximately $807,000. 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.