Hallador Energy (NASDAQ:HNRG) announced its quarterly earnings results on Tuesday. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04), Morningstar.com reports. The firm had revenue of $79.72 million during the quarter, compared to the consensus estimate of $79.30 million. Hallador Energy had a return on equity of 3.55% and a net margin of 10.20%.
Shares of HNRG opened at $6.20 on Wednesday. The stock has a market cap of $184.99 million, a PE ratio of 22.70 and a beta of -0.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.95. Hallador Energy has a 1-year low of $4.88 and a 1-year high of $7.98.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, October 30th. Hallador Energy’s payout ratio is 30.19%.
Several institutional investors and hedge funds have recently made changes to their positions in HNRG. Acadian Asset Management LLC bought a new stake in shares of Hallador Energy during the 2nd quarter valued at about $4,934,000. Oakcliff Capital Partners LP raised its holdings in shares of Hallador Energy by 39.9% during the second quarter. Oakcliff Capital Partners LP now owns 557,189 shares of the energy company’s stock valued at $3,978,000 after purchasing an additional 158,827 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Hallador Energy by 19.5% during the second quarter. BlackRock Inc. now owns 949,894 shares of the energy company’s stock valued at $6,782,000 after purchasing an additional 154,961 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hallador Energy by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 922,104 shares of the energy company’s stock valued at $6,335,000 after purchasing an additional 129,170 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of Hallador Energy by 124.6% during the third quarter. Strs Ohio now owns 74,800 shares of the energy company’s stock valued at $465,000 after purchasing an additional 41,500 shares during the last quarter. 53.38% of the stock is currently owned by hedge funds and other institutional investors.
HNRG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.
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Hallador Energy Company Profile
Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.
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