Hallador Energy Company (HNRG) Lifted to “Hold” at Zacks Investment Research
Hallador Energy Company (NASDAQ:HNRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, ValuEngine lowered Hallador Energy from a “strong-buy” rating to a “buy” rating in a report on Monday.
Hallador Energy (NASDAQ HNRG) traded down 1.46% during midday trading on Tuesday, hitting $6.07. The company had a trading volume of 72,390 shares. Hallador Energy has a one year low of $5.65 and a one year high of $10.40. The company’s 50 day moving average is $7.34 and its 200-day moving average is $7.82. The company has a market cap of $180.66 million, a P/E ratio of 22.23 and a beta of -0.61.
Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.13. Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. The firm had revenue of $64.31 million for the quarter, compared to analyst estimates of $64.20 million. On average, equities analysts predict that Hallador Energy will post $0.65 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Globeflex Capital L P increased its position in Hallador Energy by 139.9% in the first quarter. Globeflex Capital L P now owns 46,818 shares of the energy company’s stock valued at $375,000 after buying an additional 27,300 shares during the period. Vanguard Group Inc. increased its position in Hallador Energy by 19.9% in the first quarter. Vanguard Group Inc. now owns 900,005 shares of the energy company’s stock valued at $7,209,000 after buying an additional 149,153 shares during the period. Segantii Capital Management Ltd increased its position in Hallador Energy by 560.0% in the first quarter. Segantii Capital Management Ltd now owns 26,400 shares of the energy company’s stock valued at $211,000 after buying an additional 22,400 shares during the period. PNC Financial Services Group Inc. increased its position in Hallador Energy by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock valued at $380,000 after buying an additional 4,579 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Hallador Energy by 96.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 145,040 shares of the energy company’s stock valued at $1,162,000 after buying an additional 71,372 shares during the period. Institutional investors and hedge funds own 55.72% of the company’s stock.
Hallador Energy Company Profile
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.
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