Hallador Energy Company (NASDAQ:HNRG) Downgraded to “Sell” at Zacks Investment Research

Hallador Energy Company (NASDAQ:HNRG) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report issued on Wednesday, July 12th.

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 lowered their price target 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 (NASDAQ HNRG) opened at 6.16 on Wednesday. Hallador Energy has a 12 month low of $5.76 and a 12 month high of $10.40. The company has a market cap of $183.34 million, a price-to-earnings ratio of 22.56 and a beta of -0.61. The company’s 50-day moving average price is $7.41 and its 200-day moving average price is $7.89.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.13. Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. The company had revenue of $64.31 million during the quarter, compared to analysts’ expectations of $64.20 million. Analysts anticipate that Hallador Energy will post $0.65 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Hallador Energy by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 665,905 shares of the energy company’s stock valued at $5,174,000 after buying an additional 87,031 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hallador Energy by 7.3% in the second quarter. Vanguard Group Inc. now owns 965,999 shares of the energy company’s stock valued at $7,506,000 after buying an additional 65,994 shares during the last quarter. Northern Trust Corp boosted its position in shares of Hallador Energy by 108.4% in the second quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock valued at $2,754,000 after buying an additional 184,354 shares during the last quarter. Citigroup Inc. acquired a new stake in Hallador Energy during the second quarter valued at approximately $320,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Hallador Energy during the second quarter worth approximately $197,000. Hedge funds and other institutional investors own 55.73% of the company’s stock.

About Hallador Energy

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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