FY2016 EPS Estimates for Hallador Energy Co. Raised by FBR & Co (HNRG)
Hallador Energy Co. (NASDAQ:HNRG) – Analysts at FBR & Co lifted their FY2016 EPS estimates for Hallador Energy in a research report issued on Thursday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings of $0.60 per share for the year, up from their prior estimate of $0.59. FBR & Co has a “Outperform” rating and a $8.00 price objective on the stock. FBR & Co also issued estimates for Hallador Energy’s Q4 2016 earnings at $0.09 EPS.
Separately, Zacks Investment Research upgraded Hallador Energy from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Tuesday, July 19th.
Hallador Energy (NASDAQ:HNRG) opened at 7.77 on Friday. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $8.70. The company’s 50-day moving average price is $7.34 and its 200 day moving average price is $5.41. The stock has a market capitalization of $227.27 million, a P/E ratio of 13.04 and a beta of 0.04.
In other news, insider Brent K. Bilsland sold 123,586 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 55.66% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC purchased a new position in Hallador Energy during the second quarter valued at approximately $3,217,000. Acadian Asset Management LLC raised its position in 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. BlackRock Institutional Trust Company N.A. raised its position in Hallador Energy by 9.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 147,238 shares of the company’s stock valued at $673,000 after buying an additional 12,480 shares in the last quarter. State Street Corp raised its position in Hallador Energy by 12.3% in the first quarter. State Street Corp now owns 145,980 shares of the company’s stock valued at $669,000 after buying an additional 15,983 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Hallador Energy during the second quarter valued at approximately $497,000. Institutional investors and hedge funds own 51.73% of the company’s stock.
About Hallador Energy
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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