Hallador Energy (NASDAQ:HNRG) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Northland Securities boosted their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.63.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $17.57 on Thursday. The business’s 50-day moving average price is $18.61 and its two-hundred day moving average price is $19.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. Hallador Energy has a one year low of $9.25 and a one year high of $24.70. The company has a market capitalization of $826.14 million, a P/E ratio of 18.30 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company 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%. Analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

A number of large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 valued at $187,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares during the period. Levin Capital Strategies L.P. grew its stake in Hallador Energy by 2.9% in the 4th quarter. Levin Capital Strategies L.P. now owns 42,308 shares of the energy company’s stock valued at $806,000 after buying an additional 1,191 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after acquiring an additional 1,283 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Hallador Energy in the 3rd quarter worth $32,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.