Hallador Energy Co. (HNRG) Rating Reiterated by FBR & Co
Hallador Energy Co. (NASDAQ:HNRG)‘s stock had its “outperform” rating reaffirmed by analysts at FBR & Co in a research note issued on Thursday. They presently have a $8.00 target price on the stock, up from their prior target price of $7.00. FBR & Co’s price objective suggests a potential upside of 6.10% from the company’s previous close.
Separately, Zacks Investment Research cut shares of Hallador Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st.
Hallador Energy (NASDAQ:HNRG) opened at 7.54 on Thursday. The company has a 50-day moving average of $7.29 and a 200-day moving average of $5.39. The firm has a market cap of $220.54 million, a price-to-earnings ratio of 12.65 and a beta of 0.04. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $8.70.
In related news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 55.66% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Chartwell Investment Partners LLC purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $3,217,000. Acadian Asset Management LLC boosted its position in shares of Hallador Energy by 42.4% in the second quarter. Acadian Asset Management LLC now owns 640,476 shares of the company’s stock valued at $2,962,000 after buying an additional 190,663 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $497,000. Emerald Acquisition Ltd. purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $373,000. Finally, Paloma Partners Management Co purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $232,000. 51.73% 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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