Hallador Energy (NASDAQ:HNRG) Upgraded by Wall Street Zen to Sell Rating

Hallador Energy (NASDAQ:HNRG) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Sunday.

HNRG has been the topic of a number of other reports. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a report on Friday, March 13th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Finally, Northland Securities raised their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hallador Energy currently has an average rating of “Moderate Buy” and an average target price of $26.62.

Hallador Energy Stock Down 3.4%

Shares of HNRG opened at $17.53 on Friday. Hallador Energy has a twelve month low of $14.68 and a twelve month high of $24.70. The company has a market capitalization of $826.19 million, a P/E ratio of 33.08 and a beta of 0.22. The firm has a 50 day moving average of $17.65 and a 200 day moving average of $18.26.

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

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 15,000 shares of Hallador Energy stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel Timothy Hudson purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was acquired at an average price of $17.04 per share, for a total transaction of $51,120.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at approximately $51,120. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 20,000 shares of company stock worth $336,870. 17.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently modified their holdings of HNRG. Lubar & Co. Inc bought a new position in Hallador Energy in the 4th quarter worth $103,806,000. American Century Companies Inc. grew its holdings in Hallador Energy by 10.6% during the third quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after purchasing an additional 113,547 shares during the period. Ameriprise Financial Inc. bought a new stake in Hallador Energy during the second quarter valued at about $18,735,000. Dimensional Fund Advisors LP increased its position in Hallador Energy by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after buying an additional 109,781 shares in the last quarter. Finally, Apis Capital Advisors LLC increased its position in Hallador Energy by 7.0% in the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after buying an additional 60,000 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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.