Zacks Research Downgrades Hallador Energy (NASDAQ:HNRG) to Strong Sell

Hallador Energy (NASDAQ:HNRG) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

HNRG has been the topic of several other reports. Northland Securities set a $28.00 price objective on shares of Hallador Energy in a research report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Hallador Energy in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.12.

Hallador Energy Trading Down 1.8%

Shares of Hallador Energy stock opened at $15.49 on Wednesday. Hallador Energy has a 12 month low of $13.65 and a 12 month high of $24.70. The stock’s fifty day simple moving average is $16.30 and its 200 day simple moving average is $17.28. The company has a market capitalization of $730.25 million, a PE ratio of 774.50 and a beta of 0.25.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.53% and a negative net margin of 0.20%.The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Analysts predict that Hallador Energy will post -0.09 EPS for the current fiscal year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Daniel Timothy Hudson purchased 10,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was acquired at an average price of $16.94 per share, with a total value of $169,400.00. Following the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $16.69 per share, with a total value of $250,350.00. Following the acquisition, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 35,000 shares of company stock valued at $589,170 in the last quarter. 17.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Hallador Energy during the 2nd quarter worth about $2,627,000. JB Capital Partners LP bought a new position in shares of Hallador Energy during the second quarter worth approximately $2,782,400,000. Meeder Asset Management Inc. bought a new position in Hallador Energy during the 2nd quarter worth $71,000. BlackRock Inc. acquired a new stake in Hallador Energy in the 2nd quarter worth about $49,594,000. Finally, Deutsche Bank AG acquired a new stake in shares of Hallador Energy in the second quarter valued at approximately $13,534,000. 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.