Alliance Global Partners Begins Coverage on Hallador Energy (NASDAQ:HNRG)

Research analysts at Alliance Global Partners began coverage on shares of Hallador Energy (NASDAQ:HNRG) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the energy company’s stock. Alliance Global Partners’ price target indicates a potential upside of 26.02% from the company’s current price.

Several other research analysts have also weighed in on the company. StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley upped their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy Stock Performance

Hallador Energy stock opened at $13.49 on Monday. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00. The firm’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $8.62. 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 company has a market cap of $574.94 million, a P/E ratio of -24.53 and a beta of 0.68.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the previous year, the company posted $0.47 EPS. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 18,775 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now directly owns 2,022,713 shares of the company’s stock, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Hallador Energy

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy in the second quarter valued at approximately $78,000. CWM LLC raised its holdings in shares of Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after purchasing an additional 4,993 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy in the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC boosted its holdings in Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Hallador Energy during the third quarter worth $100,000. 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.