Equities Analysts Set Expectations for Hallador Energy Co.’s FY2017 Earnings (HNRG)
Hallador Energy Co. (NASDAQ:HNRG) – Equities researchers at FBR & Co upped their FY2017 earnings estimates for Hallador Energy in a report issued on Thursday. FBR & Co analyst L. Pipes now forecasts that the firm will post earnings per share of $0.23 for the year, up from their prior forecast of $0.07. FBR & Co currently has a “Outperform” rating and a $8.00 price target on the stock. FBR & Co also issued estimates for Hallador Energy’s FY2018 earnings at $0.25 EPS.
Separately, Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research report on Thursday, August 11th.
Hallador Energy (NASDAQ:HNRG) traded up 3.73% during midday trading on Monday, reaching $8.35. The company had a trading volume of 151,503 shares. Hallador Energy has a 1-year low of $3.95 and a 1-year high of $8.70. The company has a market capitalization of $244.24 million, a P/E ratio of 14.01 and a beta of 0.04. The firm has a 50-day moving average of $7.43 and a 200 day moving average of $5.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, October 31st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, October 27th. Hallador Energy’s dividend payout ratio is 27.12%.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $7.12, for a total value of $879,932.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 55.66% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. S&CO Inc. bought a new stake in shares of Hallador Energy during the second quarter worth $102,000. Hamilton Lane Advisors LLC bought a new stake in shares of Hallador Energy during the second quarter worth $136,000. Eagle Global Advisors LLC boosted its stake in shares of Hallador Energy by 114.2% in the second quarter. Eagle Global Advisors LLC now owns 35,070 shares of the company’s stock worth $162,000 after buying an additional 18,700 shares during the period. Spark Investment Management LLC bought a new stake in shares of Hallador Energy during the first quarter worth $167,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Hallador Energy during the second quarter worth $177,000. Hedge funds and other institutional investors own 51.74% of the company’s stock.
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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