Hallador Energy (NASDAQ:HNRG) Upgraded by StockNews.com to Hold Rating

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

A number of other equities research analysts also recently weighed in on HNRG. Alliance Global Partners assumed coverage on Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock. B. Riley upped their price objective on Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st.

Hallador Energy Trading Up 7.2 %

Shares of Hallador Energy stock opened at $11.11 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. The company has a market capitalization of $473.50 million, a price-to-earnings ratio of -20.20 and a beta of 0.18. The firm’s 50-day moving average price is $10.95 and its two-hundred day moving average price is $11.11.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business 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, analysts forecast that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after acquiring an additional 1,435 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy during the third quarter valued at about $96,000. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy during the third quarter worth about $119,000. XTX Topco Ltd bought a new stake in shares of Hallador Energy during the fourth quarter worth about $121,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hallador Energy in the fourth quarter valued at approximately $156,000. Institutional investors own 61.38% of the company’s stock.

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.