Zacks Investment Research lowered shares of Hallador Energy Company (NASDAQ:HNRG) from a buy rating to a sell rating in a report issued on Wednesday morning.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, FBR & Co reduced their price objective on shares of Hallador Energy from $12.00 to $11.00 and set an outperform rating on the stock in a research report on Wednesday, March 15th.
Shares of Hallador Energy (HNRG) traded down 1.40% during trading on Wednesday, hitting $7.77. 71,435 shares of the stock were exchanged. The firm has a 50 day moving average of $7.57 and a 200-day moving average of $8.24. The stock has a market cap of $229.20 million, a PE ratio of 17.00 and a beta of -0.60. Hallador Energy has a 52-week low of $4.54 and a 52-week high of $10.40.
Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Hallador Energy by 299.1% in the first quarter. Goldman Sachs Group Inc. now owns 132,609 shares of the energy company’s stock valued at $1,062,000 after buying an additional 99,378 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Hallador Energy during the first quarter valued at about $125,000. Renaissance Technologies LLC boosted its stake in Hallador Energy by 92.6% in the first quarter. Renaissance Technologies LLC now owns 332,200 shares of the energy company’s stock valued at $2,661,000 after buying an additional 159,700 shares during the last quarter. Morgan Stanley boosted its stake in Hallador Energy by 22.9% in the first quarter. Morgan Stanley now owns 464,723 shares of the energy company’s stock valued at $3,722,000 after buying an additional 86,609 shares during the last quarter. Finally, Oakcliff Capital Partners LP bought a new stake in Hallador Energy during the first quarter valued at about $2,087,000. Hedge funds and other institutional investors own 57.00% of the company’s stock.
Hallador Energy Company Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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