Hallador Energy (NASDAQ:HNRG) Cut to “Hold” at Zacks Research

Hallador Energy (NASDAQ:HNRG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on HNRG. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.67.

Hallador Energy Trading Up 1.6%

Shares of HNRG stock opened at $20.62 on Monday. The company has a market cap of $903.77 million, a PE ratio of -4.60 and a beta of 0.26. Hallador Energy has a 1 year low of $8.37 and a 1 year high of $24.70. The stock’s 50 day simple moving average is $20.04 and its two-hundred day simple moving average is $18.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.49. The firm had revenue of $146.85 million for the quarter, compared to the consensus estimate of $110.92 million. Hallador Energy had a positive return on equity of 33.97% and a negative net margin of 37.57%. Research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the completion of the acquisition, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Hallador Energy by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock worth $23,188,000 after buying an additional 113,547 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Hallador Energy in the second quarter worth about $18,735,000. Apis Capital Advisors LLC grew its holdings in Hallador Energy by 3.4% during the 3rd quarter. Apis Capital Advisors LLC now owns 854,000 shares of the energy company’s stock worth $16,713,000 after acquiring an additional 28,000 shares in the last quarter. CenterBook Partners LP increased its position in Hallador Energy by 2,371.9% during the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock valued at $12,453,000 after purchasing an additional 754,846 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Hallador Energy by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock worth $12,029,000 after purchasing an additional 61,666 shares during the period. 61.38% of the stock is owned by institutional investors.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.