Hallador Energy Co (NASDAQ:HNRG) – Analysts at FBR & Co increased their FY2017 earnings per share estimates for Hallador Energy in a research report issued to clients and investors on Wednesday. FBR & Co analyst L. Pipes now expects that the energy company will post earnings per share of $0.65 for the year, up from their previous estimate of $0.30. FBR & Co currently has a “Outperform” rating and a $11.00 price objective on the stock. FBR & Co also issued estimates for Hallador Energy’s Q4 2017 earnings at $0.12 EPS and FY2018 earnings at $0.32 EPS.
Separately, Zacks Investment Research upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 24th.
Hallador Energy (NASDAQ:HNRG) traded down 0.78% on Monday, reaching $7.68. The company’s stock had a trading volume of 751 shares. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $10.40. The stock has a market capitalization of $225.88 million, a P/E ratio of 18.42 and a beta of -0.19. The firm has a 50 day moving average price of $7.47 and a 200 day moving average price of $8.59.
The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, April 28th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, April 26th. Hallador Energy’s payout ratio is currently 28.57%.
In other news, CFO Lawrence D. Martin sold 3,583 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $7.40, for a total value of $26,514.20. Following the completion of the sale, the chief financial officer now owns 142,836 shares of the company’s stock, valued at approximately $1,056,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 55.66% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new stake in Hallador Energy during the first quarter valued at $125,000. BSW Wealth Partners bought a new stake in Hallador Energy during the third quarter valued at $139,000. Algert Global LLC bought a new stake in Hallador Energy during the first quarter valued at $142,000. Boothbay Fund Management LLC bought a new stake in Hallador Energy during the fourth quarter valued at $174,000. Finally, Segantii Capital Management Ltd increased its stake in Hallador Energy by 560.0% in the first quarter. Segantii Capital Management Ltd now owns 26,400 shares of the energy company’s stock valued at $211,000 after buying an additional 22,400 shares during the last quarter. 50.34% of the stock is owned by institutional investors.
Hallador Energy Company Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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