Hallador Energy Company (NASDAQ:HNRG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Hallador Energy Company (NASDAQ:HNRG) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.1250.

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Zacks Research downgraded Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Northland Securities set a $28.00 price target on Hallador Energy in a research note on Tuesday, August 11th. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th.

Insiders Place Their Bets

In other Hallador Energy news, Director Daniel Hudson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average price of $16.58 per share, with a total value of $82,900.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at $331,600. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 17,000 shares of company stock valued at $287,700 in the last quarter. Insiders own 17.43% of the company’s stock.

Institutional Trading of Hallador Energy

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $49,594,000. Deutsche Bank AG bought a new position in Hallador Energy during the 2nd quarter valued at about $13,534,000. Empyrean Capital Partners LP purchased a new stake in Hallador Energy in the 1st quarter worth about $8,140,000. Bank of New York Mellon Corp purchased a new stake in Hallador Energy in the 2nd quarter worth about $7,037,000. Finally, Value Aligned Research Advisors LLC bought a new stake in Hallador Energy in the second quarter worth about $5,578,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Up 0.4%

NASDAQ HNRG opened at $15.07 on Wednesday. Hallador Energy has a 12 month low of $13.65 and a 12 month high of $24.70. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $710.40 million, a PE ratio of 753.50 and a beta of 0.31. The stock’s 50 day moving average is $15.63 and its 200 day moving average is $16.67.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The company had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Research analysts predict that Hallador Energy will post -0.29 EPS for the current fiscal year.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana’s portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador’s principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.