Northland Securities Forecasts Strong Price Appreciation for Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy (NASDAQ:HNRG) had its price objective upped by investment analysts at Northland Securities from $29.00 to $34.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Northland Securities’ target price suggests a potential upside of 93.51% from the stock’s previous close.

Several other brokerages have also issued reports on HNRG. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Wall Street Zen cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group started coverage on shares of Hallador Energy in a report on Tuesday. They issued a “hold” rating and a $17.50 price objective on the stock. Finally, B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hallador Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.63.

Hallador Energy Price Performance

HNRG stock opened at $17.57 on Thursday. The business has a fifty day moving average of $18.61 and a two-hundred day moving average of $19.42. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. The stock has a market cap of $826.14 million, a price-to-earnings ratio of 18.30 and a beta of 0.22. Hallador Energy has a 52-week low of $9.25 and a 52-week high of $24.70.

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

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of HNRG. AQR Capital Management LLC increased its stake in Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after purchasing an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Hallador Energy by 1,233.6% in the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC boosted its stake in shares of Hallador Energy by 5.5% in the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallador Energy in the first quarter valued at approximately $807,000. 61.38% of the stock is owned by institutional investors and hedge funds.

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.