Alliance Global Partners Initiates Coverage on Hallador Energy (NASDAQ:HNRG)

Equities researchers at Alliance Global Partners started coverage on shares of Hallador Energy (NASDAQ:HNRG) in a report released on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $17.00 price target on the energy company’s stock. Alliance Global Partners’ price objective points to a potential upside of 31.27% from the stock’s current price.

Several other analysts have also weighed in on HNRG. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley lifted their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Trading Up 3.8 %

NASDAQ HNRG opened at $12.95 on Monday. The firm has a market capitalization of $551.93 million, a PE ratio of -23.55 and a beta of 0.68. The business’s 50-day moving average price is $10.97 and its two-hundred day moving average price is $8.58. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the prior year, the business posted $0.47 earnings per share. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Insider Activity

In other Hallador Energy news, Director David C. Hardie sold 44,699 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at approximately $27,439,848.24. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 83,196 shares of company stock worth $1,079,078 over the last quarter. 32.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new stake in Hallador Energy during the 2nd quarter worth approximately $78,000. CWM LLC grew its holdings in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after buying an additional 4,993 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Hallador Energy in the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC lifted its stake in Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after acquiring an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Hallador Energy during the 3rd quarter worth $100,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.