Analysts Set Hallador Energy Company (NASDAQ:HNRG) Price Target at $26.63

Shares of Hallador Energy Company (NASDAQ:HNRG) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.6250.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Northland Securities upped their target price on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th.

Institutional Investors Weigh In On Hallador Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy during the 2nd quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy during the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,111 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Hallador Energy during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Price Performance

HNRG opened at $16.44 on Monday. The company has a market capitalization of $774.82 million, a price-to-earnings ratio of 31.02 and a beta of 0.22. Hallador Energy has a 1-year low of $14.42 and a 1-year high of $24.70. The business has a 50 day moving average price of $17.16 and a two-hundred day moving average price of $18.37.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Equities analysts expect that Hallador Energy will post 0.16 EPS for the current fiscal year.

About Hallador Energy

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.