Zacks Investment Research downgraded shares of Hallador Energy (NASDAQ:HNRG) from a buy rating to a hold rating in a research report report published on Thursday morning.
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. “
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Hallador Energy from a hold rating to a buy rating in a report on Friday, December 1st. B. Riley reaffirmed a buy rating and set a $10.00 target price (down previously from $11.00) on shares of Hallador Energy in a report on Wednesday, November 8th.
Hallador Energy (NASDAQ:HNRG) traded up $0.44 during trading on Thursday, hitting $7.14. The company had a trading volume of 95,530 shares, compared to its average volume of 78,530. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.91. Hallador Energy has a 12-month low of $4.79 and a 12-month high of $9.87. The firm has a market capitalization of $226.47, a P/E ratio of 28.56 and a beta of -0.45.
Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, November 6th. The energy company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Hallador Energy had a return on equity of 10.92% and a net margin of 2.88%. The firm had revenue of $74.50 million during the quarter. analysts expect that Hallador Energy will post 0.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Wednesday, January 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, January 30th. Hallador Energy’s payout ratio is presently 64.00%.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Hallador Energy by 7.3% in the second 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 during the period. Dimensional Fund Advisors LP lifted its holdings in Hallador Energy by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 700,317 shares of the energy company’s stock valued at $4,006,000 after acquiring an additional 34,412 shares during the period. Northern Trust Corp lifted its holdings in Hallador Energy by 108.4% in the second 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 during the period. State Street Corp acquired a new position in Hallador Energy in the second quarter valued at approximately $1,430,000. Finally, Bank of New York Mellon Corp lifted its holdings in Hallador Energy by 48.3% in the second quarter. Bank of New York Mellon Corp now owns 166,564 shares of the energy company’s stock valued at $1,295,000 after acquiring an additional 54,220 shares during the period. 55.75% of the stock is owned by institutional investors.
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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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