Hallador Energy (NASDAQ:HNRG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
Several other brokerages have also issued reports on HNRG. ValuEngine raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley reissued a “buy” rating and issued a $10.00 price target (down previously from $11.00) on shares of Hallador Energy in a report on Wednesday, November 8th.
Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, November 6th. The energy company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $74.50 million for the quarter. Hallador Energy had a net margin of 2.88% and a return on equity of 10.92%. sell-side analysts forecast that Hallador Energy will post 0.46 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Hallador Energy by 59.0% in the 3rd 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 grew its holdings in shares of Hallador Energy by 228.3% in the 2nd 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 shares of Hallador Energy in the 2nd quarter worth about $130,000. New York State Common Retirement Fund bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $197,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $219,000. 55.75% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Zacks Investment Research Lowers Hallador Energy (HNRG) to Hold” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/28/zacks-investment-research-lowers-hallador-energy-hnrg-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hallador Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallador Energy and related companies with MarketBeat.com's FREE daily email newsletter.