Hallador Energy Company (NASDAQ:HNRG) Stock Has Average Target Price of $24.88 According to Brokerages

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.88.

HNRG has been the topic of several recent analyst reports. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Northland Securities set a $27.00 price objective on Hallador Energy in a research note on Tuesday, October 6th. Wall Street Zen lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th.

Hallador Energy Stock Up 7.9%

NASDAQ HNRG opened at $10.10 on Thursday. Hallador Energy has a 1-year low of $8.85 and a 1-year high of $24.70. The company has a market capitalization of $476.11 million, a price-to-earnings ratio of 505.00 and a beta of 0.47. The stock’s 50 day moving average is $13.61 and its two-hundred day moving average is $16.33. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. Equities analysts forecast that Hallador Energy will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds have recently made changes to their positions in HNRG. State of Wyoming bought a new position in Hallador Energy during the 2nd quarter valued at about $32,000. Summit Securities Group LLC bought a new stake in Hallador Energy during the first quarter worth about $31,000. Persistent Asset Partners Ltd bought a new stake in Hallador Energy during the second quarter worth about $42,000. Meeder Asset Management Inc. grew its stake in Hallador Energy by 71.0% during the first quarter. Meeder Asset Management Inc. now owns 3,927 shares of the energy company’s stock worth $64,000 after buying an additional 1,631 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Hallador Energy during the second quarter worth about $144,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.