Hallador Energy (NASDAQ:HNRG) Upgraded by StockNews.com to “Sell” Rating

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

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

Hallador Energy Price Performance

Shares of Hallador Energy stock opened at $12.78 on Friday. The business has a 50 day simple moving average of $11.00 and a two-hundred day simple moving average of $10.58. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The stock has a market capitalization of $544.65 million, a P/E ratio of -23.24 and a beta of 0.55.

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

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock worth $21,569,000 after purchasing an additional 173,749 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hallador Energy by 13.9% during the 4th quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company’s stock worth $18,640,000 after buying an additional 198,790 shares during the last quarter. Empyrean Capital Partners LP increased its holdings in shares of Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after buying an additional 550,000 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Hallador Energy by 4,460.2% during the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after buying an additional 1,073,433 shares during the last quarter. Finally, Apis Capital Advisors LLC increased its stake in Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after acquiring an additional 464,000 shares during the last quarter. 61.38% of the stock is 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.