Hallador Energy Co. (HNRG) Price Target Raised to $12.00 at FBR & Co
Hallador Energy Co. (NASDAQ:HNRG) had its price target increased by analysts at FBR & Co from $10.00 to $12.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. FBR & Co’s target price would suggest a potential upside of 35.29% from the stock’s previous close.
Separately, Zacks Investment Research upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a research report on Thursday, August 11th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 8.87 on Wednesday. Hallador Energy has a one year low of $3.95 and a one year high of $10.40. The company has a market capitalization of $259.61 million, a P/E ratio of 15.62 and a beta of -0.21. The stock has a 50 day moving average price of $8.61 and a 200-day moving average price of $6.24.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, October 31st were given a $0.04 dividend. The ex-dividend date was Thursday, October 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.80%. Hallador Energy’s dividend payout ratio is currently 28.57%.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. 55.66% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Hamilton Lane Advisors LLC bought a new position in Hallador Energy during the second quarter valued at approximately $136,000. Acadian Asset Management LLC increased 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 during the period. S&CO Inc. bought a new position in Hallador Energy during the second quarter valued at approximately $102,000. Confluence Investment Management LLC bought a new position in Hallador Energy during the second quarter valued at approximately $177,000. Finally, Emerald Acquisition Ltd. bought a new position in Hallador Energy during the second quarter valued at approximately $373,000. Institutional investors own 53.82% of the company’s stock.
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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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