Hallador Energy Company (NASDAQ:HNRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, October 17th.
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. “
Separately, ValuEngine cut shares of Hallador Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th.
Shares of Hallador Energy (HNRG) opened at 5.40 on Tuesday. Hallador Energy has a 52-week low of $5.02 and a 52-week high of $10.40. The firm has a market cap of $160.72 million, a price-to-earnings ratio of 19.78 and a beta of -0.63. The company’s 50-day moving average is $5.57 and its 200 day moving average is $6.75.
Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, August 8th. The energy company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Hallador Energy had a net margin of 3.13% and a return on equity of 11.19%. The company had revenue of $64.31 million for the quarter, compared to the consensus estimate of $64.20 million. On average, analysts expect that Hallador Energy will post $0.48 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the business. State Street Corp purchased a new position in Hallador Energy during the 2nd quarter valued at about $1,430,000. Dimensional Fund Advisors LP grew its stake in Hallador Energy by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 665,905 shares of the energy company’s stock valued at $5,174,000 after acquiring an additional 87,031 shares in the last quarter. Vanguard Group Inc. grew its stake in Hallador Energy by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 965,999 shares of the energy company’s stock valued at $7,506,000 after acquiring an additional 65,994 shares in the last quarter. Northern Trust Corp grew its stake in Hallador Energy by 108.4% during the 2nd quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock valued at $2,754,000 after acquiring an additional 184,354 shares in the last quarter. Finally, Citigroup Inc. purchased a new position in Hallador Energy during the 2nd quarter valued at about $320,000. 57.52% of the stock is currently owned by institutional investors.
About Hallador Energy
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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