JPMorgan Chase & Co. Trims Stock Position in Hallador Energy Company $HNRG

JPMorgan Chase & Co. decreased its stake in Hallador Energy Company (NASDAQ:HNRG) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,735 shares of the energy company’s stock after selling 94,143 shares during the period. JPMorgan Chase & Co.’s holdings in Hallador Energy were worth $2,950,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Value Aligned Research Advisors LLC lifted its position in Hallador Energy by 1,038.2% in the third quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after acquiring an additional 292,577 shares during the last quarter. Cambria Investment Management L.P. grew its holdings in shares of Hallador Energy by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 38,986 shares of the energy company’s stock worth $763,000 after purchasing an additional 7,794 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Hallador Energy during the third quarter worth about $221,000. Wexford Capital LP acquired a new stake in shares of Hallador Energy during the third quarter worth about $1,781,000. Finally, Verition Fund Management LLC increased its position in shares of Hallador Energy by 480.3% during the third quarter. Verition Fund Management LLC now owns 243,047 shares of the energy company’s stock worth $4,756,000 after purchasing an additional 201,162 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Performance

NASDAQ HNRG opened at $15.83 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. Hallador Energy Company has a 52-week low of $9.25 and a 52-week high of $24.70. The business’s 50-day moving average price is $18.21 and its 200 day moving average price is $19.37. The firm has a market cap of $744.33 million, a P/E ratio of 16.49 and a beta of 0.27.

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

Analyst Ratings Changes

Several analysts have recently weighed in on HNRG shares. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $27.00 in a report on Friday, March 13th. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Northland Securities boosted their price objective on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.63.

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.