Hallador Energy (NASDAQ:HNRG) Stock Rating Lowered by Wall Street Zen

Hallador Energy (NASDAQ:HNRG) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Finally, B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $27.00 in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $15.72 on Friday. The stock’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $19.43. The firm has a market capitalization of $739.15 million, a PE ratio of 16.38 and a beta of 0.22. Hallador Energy has a fifty-two week low of $9.25 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $101.94 million during the quarter, compared to the consensus estimate of $105.48 million. Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%. As a group, equities research analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lubar & Co. Inc acquired a new stake in Hallador Energy during the 4th quarter worth $103,806,000. Ameriprise Financial Inc. acquired a new position in Hallador Energy in the second quarter valued at $18,735,000. Millennium Management LLC increased its stake in Hallador Energy by 1,745.5% in the third quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after purchasing an additional 496,628 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Hallador Energy in the second quarter valued at about $6,910,000. Finally, Deutsche Bank AG raised its holdings in shares of Hallador Energy by 1,720.9% in the fourth quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock valued at $7,716,000 after buying an additional 383,020 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.