Hallador Energy (HNRG) Upgraded to Buy by Zacks Investment Research

Hallador Energy (NASDAQ:HNRG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $8.25 target price on the energy company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.58% from the stock’s current price.

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. “

HNRG has been the subject of several other research reports. ValuEngine raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. B. Riley reissued a “buy” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Hallador Energy in a research note on Wednesday, November 8th.

Shares of Hallador Energy (HNRG) traded down $0.11 during trading hours on Thursday, hitting $7.20. 61,706 shares of the company were exchanged, compared to its average volume of 67,452. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. Hallador Energy has a 1 year low of $4.79 and a 1 year high of $9.87. The company has a market cap of $217.91, a P/E ratio of 27.69 and a beta of -0.45.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $74.50 million during the quarter. Hallador Energy had a net margin of 2.88% and a return on equity of 10.92%. equities research analysts predict that Hallador Energy will post 0.46 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Hallador Energy by 59.0% in the third quarter. Wells Fargo & Company MN now owns 32,393 shares of the energy company’s stock worth $185,000 after purchasing an additional 12,021 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Hallador Energy by 228.3% in the second quarter. Nationwide Fund Advisors now owns 23,314 shares of the energy company’s stock worth $181,000 after purchasing an additional 16,213 shares during the last quarter. Rhumbline Advisers bought a new stake in Hallador Energy in the second quarter worth about $130,000. New York State Common Retirement Fund bought a new stake in Hallador Energy in the second quarter worth about $197,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Hallador Energy in the second quarter worth about $219,000. 55.75% of the stock is owned by institutional investors and hedge funds.

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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.

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