FY2017 EPS Estimates for Hallador Energy Co. Reduced by Analyst (HNRG)
Hallador Energy Co. (NASDAQ:HNRG) – FBR & Co lowered their FY2017 earnings per share estimates for Hallador Energy in a research note issued on Wednesday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings per share of $0.31 for the year, down from their prior estimate of $0.33. FBR & Co has a “Outperform” rating and a $12.00 price target on the stock.
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 report on Thursday, August 11th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 8.95 on Monday. The company’s 50-day moving average price is $8.71 and its 200 day moving average price is $6.29. Hallador Energy has a 12-month low of $3.95 and a 12-month high of $10.40. The stock has a market cap of $261.95 million, a price-to-earnings ratio of 15.76 and a beta of -0.21.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, October 31st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, October 27th. Hallador Energy’s 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 document filed with the SEC, which is available through this hyperlink. 55.66% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in shares of Hallador Energy during the second quarter worth about $232,000. Eagle Global Advisors LLC raised 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 in the last quarter. Menta Capital LLC raised its stake in shares of Hallador Energy by 0.3% in the second quarter. Menta Capital LLC now owns 96,610 shares of the company’s stock worth $446,000 after buying an additional 283 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock worth $407,000 after buying an additional 1,277 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Hallador Energy by 13.2% in the second quarter. HighTower Advisors LLC now owns 42,800 shares of the company’s stock worth $198,000 after buying an additional 5,000 shares in the last quarter. 49.97% of the stock is currently 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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