Hallador Energy (NASDAQ:HNRG) Upgraded at StockNews.com

StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG) to a sell rating in a research note issued to investors on Friday morning.

Separately, Alliance Global Partners started coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price for the company.

Hallador Energy Price Performance

Shares of HNRG opened at $12.78 on Friday. The stock has a market capitalization of $544.67 million, a PE ratio of -23.24 and a beta of 0.55. The company has a 50 day moving average price of $11.00 and a 200-day moving average price of $10.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $94.80 million for the quarter, compared to analysts’ expectations of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. Equities analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Hallador Energy

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after buying an additional 1,435 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Hallador Energy in the 3rd quarter valued at approximately $96,000. XTX Topco Ltd acquired a new stake in Hallador Energy in the 4th quarter worth approximately $121,000. Janus Henderson Group PLC purchased a new stake in Hallador Energy during the 3rd quarter worth approximately $119,000. Finally, Intech Investment Management LLC acquired a new position in Hallador Energy during the 4th quarter valued at approximately $156,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.