Hallador Energy (NASDAQ:HNRG) Stock Rating Upgraded by B. Riley Financial

Hallador Energy (NASDAQ:HNRG) was upgraded by research analysts at B. Riley Financial from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $27.00 price objective on the energy company’s stock, up from their previous price objective of $23.00. B. Riley Financial’s price target would suggest a potential upside of 62.63% from the stock’s current price.

A number of other brokerages have also recently issued reports on HNRG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hallador Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Hallador Energy Price Performance

Shares of Hallador Energy stock traded down $2.73 during midday trading on Friday, hitting $16.60. 783,539 shares of the company were exchanged, compared to its average volume of 542,455. The firm has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $19.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.31. The firm has a market cap of $727.67 million, a P/E ratio of -3.73 and a beta of 0.22. Hallador Energy has a 52 week low of $9.25 and a 52 week high of $24.70.

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the transaction, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.73% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after buying an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after acquiring an additional 624 shares during the last quarter. Millennium Management LLC increased its stake in shares of Hallador Energy by 1,233.6% in the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after acquiring an additional 450,049 shares during the last quarter. Empowered Funds LLC raised its position in shares of Hallador Energy by 5.5% in the 1st quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after acquiring an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy in the 1st quarter valued at approximately $807,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

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.