Hallador Energy Company (NASDAQ:HNRG) Given Average Recommendation of “Moderate Buy” by Brokerages

Hallador Energy Company (NASDAQ:HNRG) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.6250.

Several research analysts recently commented on the stock. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a report on Friday, March 13th. Jefferies Financial Group upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Northland Securities raised their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th.

Institutional Trading of Hallador Energy

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hallador Energy by 4.3% in 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 buying an additional 624 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Hallador Energy by 2.1% during the first quarter. Levin Capital Strategies L.P. now owns 43,208 shares of the energy company’s stock worth $703,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Hallador Energy by 71.0% during the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock worth $64,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Hallador Energy during the second quarter worth approximately $27,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Stock Performance

Hallador Energy stock opened at $16.66 on Monday. The company has a market capitalization of $785.19 million, a P/E ratio of 31.43 and a beta of 0.22. The firm’s fifty day simple moving average is $17.23 and its 200-day simple moving average is $18.51. Hallador Energy has a 1-year low of $14.42 and a 1-year high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. On average, equities research analysts predict that Hallador Energy will post 0.16 earnings per share for the current year.

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.