FY2017 Earnings Estimate for Hallador Energy Co. Issued By FBR & Co (HNRG)
Hallador Energy Co. (NASDAQ:HNRG) – Analysts at FBR & Co boosted their FY2017 EPS estimates for Hallador Energy in a note issued to investors on Thursday. FBR & Co analyst L. Pipes now anticipates that the firm will earn $0.23 per share for the year, up from their prior estimate of $0.07. FBR & Co currently has a “Outperform” rating and a $8.00 target price on the stock. FBR & Co also issued estimates for Hallador Energy’s FY2018 earnings at $0.25 EPS.
Separately, Zacks Investment Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Thursday, August 11th.
Hallador Energy (NASDAQ:HNRG) opened at 7.77 on Monday. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $8.70. The stock has a market cap of $227.27 million, a P/E ratio of 13.04 and a beta of 0.03. The company has a 50-day moving average of $7.34 and a 200-day moving average of $5.41.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/fy2017-earnings-estimate-for-hallador-energy-co-issued-by-fbr-co-hnrg.html
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P increased its position in Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock worth $407,000 after buying an additional 1,277 shares in the last quarter. HighTower Advisors LLC increased its position in Hallador Energy by 13.2% in the second quarter. HighTower Advisors LLC now owns 42,800 shares of the company’s stock worth $198,000 after buying an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Hallador Energy during the second quarter worth approximately $497,000. PNC Financial Services Group Inc. increased its position in Hallador Energy by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 50,839 shares of the company’s stock worth $236,000 after buying an additional 1,984 shares in the last quarter. Finally, Chartwell Investment Partners LLC bought a new position in Hallador Energy during the second quarter worth approximately $3,217,000. 51.74% of the stock is owned by institutional investors.
In other news, insider Brent K. Bilsland sold 123,586 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 55.66% of the company’s stock.
About Hallador Energy
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
Receive News & Ratings for Hallador Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallador Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.