Hallador Energy (NASDAQ:HNRG) Price Target Raised to $15.00 at B. Riley

Hallador Energy (NASDAQ:HNRG) had its price objective raised by B. Riley from $13.00 to $15.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the energy company’s stock.

Several other brokerages also recently weighed in on HNRG. Alliance Global Partners initiated coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock. StockNews.com upgraded Hallador Energy to a “sell” rating in a research note on Friday, March 21st.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $12.14 on Tuesday. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00. The business’s 50 day moving average price is $11.02 and its 200 day moving average price is $10.95. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The firm has a market cap of $517.39 million, a P/E ratio of -22.07 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last announced 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 business had revenue of $94.80 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Trading of Hallador Energy

A number of hedge funds have recently added to or reduced their stakes in HNRG. Point72 Asset Management L.P. increased its holdings in Hallador Energy by 4,460.2% in 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 buying an additional 1,073,433 shares in the last quarter. Empyrean Capital Partners LP grew its position 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 valued at $15,171,000 after acquiring an additional 550,000 shares during the period. Highland Peak Capital LLC acquired a new stake in shares of Hallador Energy during the 4th quarter valued at about $5,895,000. Apis Capital Advisors LLC increased its stake in shares of 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 purchasing an additional 464,000 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in Hallador Energy in the 4th quarter worth about $4,034,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

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.