Hallador Energy Company (HNRG) Rating Increased 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 cut Hallador Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th.
Hallador Energy (HNRG) traded down 0.74% during midday trading on Tuesday, reaching $5.33. The company’s stock had a trading volume of 42,754 shares. Hallador Energy has a 12-month low of $5.15 and a 12-month high of $10.40. The company has a market cap of $158.64 million, a P/E ratio of 19.52 and a beta of -0.63. The firm has a 50 day moving average price of $5.65 and a 200-day moving average price of $6.90.
Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.13). The business had revenue of $64.31 million during the quarter, compared to analyst estimates of $64.20 million. Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. On average, equities research analysts predict that Hallador Energy will post $0.48 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in HNRG. AJO LP increased its stake in shares of Hallador Energy by 1,105.1% in the 2nd quarter. AJO LP now owns 378,882 shares of the energy company’s stock valued at $2,944,000 after purchasing an additional 347,442 shares in the last quarter. Northern Trust Corp increased its stake in shares of Hallador Energy by 108.4% in the 2nd quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock valued at $2,754,000 after purchasing an additional 184,354 shares in the last quarter. State Street Corp purchased a new position in shares of Hallador Energy in the 2nd quarter valued at about $1,430,000. Dimensional Fund Advisors LP increased its stake in shares of Hallador Energy by 41.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 578,874 shares of the energy company’s stock valued at $4,637,000 after purchasing an additional 170,342 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Hallador Energy by 92.6% in the 1st quarter. Renaissance Technologies LLC now owns 332,200 shares of the energy company’s stock valued at $2,661,000 after purchasing an additional 159,700 shares in the last quarter. Hedge funds and other institutional investors own 57.88% 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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