Hallador Energy (NASDAQ:HNRG) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Hallador Energy (NASDAQ:HNRG) from a buy rating to a hold rating in a research report released on Saturday morning.

HNRG has been the subject of a number of other research reports. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd. Finally, Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG opened at $15.97 on Friday. The firm has a market cap of $750.91 million, a price-to-earnings ratio of 16.64 and a beta of 0.22. The firm has a fifty day moving average price of $19.08 and a 200 day moving average price of $19.45. Hallador Energy has a fifty-two week low of $9.25 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $101.94 million for the quarter, compared to the consensus estimate of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. As a group, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of Hallador Energy stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $17.83 per share, for a total transaction of $356,600.00. Following the acquisition, the director directly owned 267,914 shares in the company, valued at approximately $4,776,906.62. This represents a 8.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 23.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HNRG. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Hallador Energy by 18,664.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,380 shares of the energy company’s stock worth $121,000 after purchasing an additional 6,346 shares during the period. Oxford Asset Management LLP bought a new position in shares of Hallador Energy during the 4th quarter valued at approximately $217,000. Millennium Management LLC raised its holdings in Hallador Energy by 16.0% during the 4th quarter. Millennium Management LLC now owns 609,318 shares of the energy company’s stock valued at $11,601,000 after buying an additional 84,238 shares during the period. Janus Henderson Group PLC bought a new stake in Hallador Energy in the fourth quarter worth $322,000. Finally, Apis Capital Advisors LLC lifted its position in Hallador Energy by 7.0% in the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after buying an additional 60,000 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.