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

Hallador Energy (NASDAQ:HNRG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently commented on HNRG. B. Riley lifted their price target on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. 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 target for the company.

Hallador Energy Stock Up 0.6 %

Shares of HNRG traded up $0.06 during trading hours on Monday, hitting $10.36. 1,120,223 shares of the company were exchanged, compared to its average volume of 525,891. The firm’s 50 day moving average is $10.92 and its 200-day moving average is $11.08. 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 52 week low of $4.33 and a 52 week high of $14.00. The company has a market cap of $441.53 million, a PE ratio of -18.84 and a beta of 0.18.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. On average, equities research analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Institutional Trading of Hallador Energy

A number of hedge funds have recently modified their holdings of HNRG. Point72 Asset Management L.P. increased its position in shares of Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after purchasing an additional 1,073,433 shares during the period. Empyrean Capital Partners LP boosted its stake in Hallador Energy by 71.0% during the fourth 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 in the last quarter. Highland Peak Capital LLC acquired a new stake in Hallador Energy during the fourth quarter worth $5,895,000. Apis Capital Advisors LLC increased its holdings in Hallador Energy by 106.9% in the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock valued at $10,282,000 after buying an additional 464,000 shares during the period. Finally, Yaupon Capital Management LP acquired a new position in shares of Hallador Energy in the 4th quarter valued at $4,034,000. Institutional investors 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.