Hallador Energy (NASDAQ:HNRG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “

A number of other analysts have also commented on HNRG. B. Riley set a $10.00 price objective on Hallador Energy and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine lowered Hallador Energy from a “hold” rating to a “sell” rating in a report on Friday, November 1st.

HNRG stock opened at $2.84 on Friday. The stock’s 50 day simple moving average is $3.39 and its 200 day simple moving average is $4.73. Hallador Energy has a fifty-two week low of $2.79 and a fifty-two week high of $6.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.22. The company has a market cap of $95.28 million, a P/E ratio of 11.36 and a beta of 0.04.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.20). The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $82.40 million. Hallador Energy had a return on equity of 1.69% and a net margin of 0.76%. Equities analysts predict that Hallador Energy will post 0.32 earnings per share for the current year.

In other Hallador Energy news, Director David C. Hardie bought 30,380 shares of Hallador Energy stock in a transaction dated Monday, October 7th. The stock was bought at an average cost of $3.29 per share, with a total value of $99,950.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 33.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Hallador Energy by 18.4% in the second quarter. BlackRock Inc. now owns 1,118,467 shares of the energy company’s stock valued at $6,297,000 after acquiring an additional 173,905 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hallador Energy by 11.4% during the second quarter. Vanguard Group Inc. now owns 756,552 shares of the energy company’s stock valued at $4,260,000 after purchasing an additional 77,605 shares during the period. Acadian Asset Management LLC grew its holdings in Hallador Energy by 14.6% during the second quarter. Acadian Asset Management LLC now owns 612,016 shares of the energy company’s stock valued at $3,445,000 after purchasing an additional 77,810 shares during the period. Renaissance Technologies LLC grew its holdings in Hallador Energy by 12.3% during the second quarter. Renaissance Technologies LLC now owns 422,292 shares of the energy company’s stock valued at $2,378,000 after purchasing an additional 46,392 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Hallador Energy by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 301,223 shares of the energy company’s stock valued at $1,696,000 after purchasing an additional 4,414 shares during the period. 46.26% of the stock is owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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