Hallador Energy Company (NASDAQ:HNRG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Hallador Energy Company (NASDAQ:HNRG) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.6250.

A number of research firms recently commented on HNRG. Wall Street Zen cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Northland Securities lifted their price objective on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 26th.

Hallador Energy Stock Down 3.1%

Hallador Energy stock opened at $16.28 on Wednesday. The firm has a market capitalization of $765.49 million, a price-to-earnings ratio of 16.96 and a beta of 0.22. The company’s 50 day simple moving average is $18.47 and its 200 day simple moving average is $19.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. Hallador Energy has a fifty-two week low of $9.25 and a fifty-two week high of $24.70.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $101.94 million during the quarter, compared to the consensus estimate of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. As a group, sell-side analysts anticipate that Hallador Energy will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HNRG. Lubar & Co. Inc acquired a new stake in shares of Hallador Energy during the fourth quarter worth $103,806,000. Ameriprise Financial Inc. acquired a new position in Hallador Energy in the 2nd quarter worth $18,735,000. Millennium Management LLC increased its holdings in Hallador Energy by 1,745.5% during the 3rd quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock worth $10,276,000 after purchasing an additional 496,628 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at about $6,910,000. Finally, Deutsche Bank AG raised its stake in shares of Hallador Energy by 1,720.9% in the 4th quarter. Deutsche Bank AG now owns 405,277 shares of the energy company’s stock valued at $7,716,000 after purchasing an additional 383,020 shares during the period. Institutional investors and hedge funds 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.