Hallador Energy (NASDAQ:HNRG) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Hallador Energy (NASDAQ:HNRG) from a strong sell rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Hallador Energy from a hold rating to a sell rating in a research note on Friday, November 1st. B. Riley set a $10.00 price target on Hallador Energy and gave the stock a buy rating in a research note on Friday, October 25th.

Shares of HNRG stock opened at $2.71 on Friday. Hallador Energy has a fifty-two week low of $2.67 and a fifty-two week high of $6.33. The firm has a market capitalization of $95.28 million, a price-to-earnings ratio of 10.84 and a beta of 0.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.22. The stock’s 50-day simple moving average is $3.35 and its 200-day simple moving average is $4.71.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.20). Hallador Energy had a return on equity of 1.69% and a net margin of 0.76%. The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $82.40 million. As a group, equities analysts forecast that Hallador Energy will post 0.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.04 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.16 dividend on an annualized basis and a yield of 5.90%. Hallador Energy’s dividend payout ratio is currently 64.00%.

In other news, Director David C. Hardie bought 30,380 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average price of $3.29 per share, for a total transaction of $99,950.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Bessemer Group Inc. purchased a new stake in Hallador Energy in the second quarter valued at approximately $87,000. Strs Ohio boosted its position in Hallador Energy by 28.6% in the second quarter. Strs Ohio now owns 96,200 shares of the energy company’s stock valued at $541,000 after buying an additional 21,400 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Hallador Energy in the second quarter valued at approximately $135,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Hallador Energy by 20.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,411 shares of the energy company’s stock valued at $261,000 after buying an additional 8,011 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Hallador Energy by 14.6% in the second quarter. Acadian Asset Management LLC now owns 612,016 shares of the energy company’s stock valued at $3,445,000 after buying an additional 77,810 shares during the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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