Hallador Energy Price Target Raised to $16.00 at Cowen and Company (HNRG)
Analysts at Cowen and Company lifted their target price on shares of Hallador Energy (NASDAQ:HNRG) from $10.50 to $16.00 in a research report issued to clients and investors on Wednesday. Cowen and Company’s target price would suggest a potential upside of 15.69% from the company’s current price.
Hallador Energy (NASDAQ:HNRG) traded up 0.43% during mid-day trading on Wednesday, hitting $13.90. 23,012 shares of the company’s stock traded hands. Hallador Energy has a 1-year low of $6.58 and a 1-year high of $14.20. The stock has a 50-day moving average of $11.58 and a 200-day moving average of $9.34. The company has a market cap of $399.9 million and a price-to-earnings ratio of 25.16.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Hallador Energy from $11.00 to $16.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Analysts at TheStreet downgraded shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.
Hallador Energy Company is engaged in underground coal mining in the state of Indiana through Sunrise Coal LLC (NASDAQ:HNRG) serving the electric power generation industry.
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