Hallador Energy (NASDAQ:HNRG) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a research report report published on Sunday morning.

Separately, B. Riley raised Hallador Energy from a neutral rating to a buy rating and lifted their target price for the company from $8.00 to $9.00 in a research report on Thursday, May 30th.

Hallador Energy Price Performance

NASDAQ HNRG opened at $5.98 on Friday. The firm’s 50 day moving average is $7.38 and its 200-day moving average is $6.77. The company has a quick ratio of 0.14, a current ratio of 0.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $221.42 million, a PE ratio of 10.14 and a beta of 0.66. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $15.79.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). Hallador Energy had a net margin of 3.79% and a return on equity of 8.49%. The business had revenue of $90.91 million during the quarter, compared to the consensus estimate of $108.00 million. During the same period last year, the business posted $0.47 EPS. Equities research analysts anticipate that Hallador Energy will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $5.76 per share, with a total value of $28,800.00. Following the acquisition, the director now owns 159,302 shares in the company, valued at approximately $917,579.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.30% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Hallador Energy in the first quarter valued at approximately $55,000. Privium Fund Management UK Ltd acquired a new position in shares of Hallador Energy during the 1st quarter worth approximately $64,000. Principal Financial Group Inc. bought a new stake in Hallador Energy in the 1st quarter valued at $71,000. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy during the 2nd quarter valued at $78,000. Finally, Victory Capital Management Inc. acquired a new stake in Hallador Energy during the 4th quarter valued at $99,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

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.