Hallador Energy (NASDAQ:HNRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, March 20th.
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 raised Hallador Energy from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
NASDAQ:HNRG traded down $0.04 during trading hours on Tuesday, hitting $6.76. 31,370 shares of the company’s stock traded hands, compared to its average volume of 64,334. The firm has a market capitalization of $203.70, a price-to-earnings ratio of 12.75 and a beta of -0.12. Hallador Energy has a twelve month low of $4.79 and a twelve month high of $8.40. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66.
Hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Hallador Energy in the 4th quarter worth about $105,000. Ramsey Quantitative Systems acquired a new position in Hallador Energy in the 4th quarter worth about $131,000. Algert Global LLC acquired a new position in Hallador Energy in the 4th quarter worth about $132,000. Wells Fargo & Company MN increased its position in Hallador Energy by 59.0% in the 3rd quarter. Wells Fargo & Company MN now owns 32,393 shares of the energy company’s stock worth $185,000 after purchasing an additional 12,021 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Hallador Energy in the 2nd quarter worth about $197,000. 55.40% of the stock is currently owned by institutional investors.
About Hallador Energy
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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