Hallador Energy Company (NASDAQ:HNRG) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.
Separately, Zacks Investment Research raised shares of Hallador Energy from a “sell” rating to a “hold” rating and set a $8.25 price target on the stock in a report on Thursday, May 11th.
Hallador Energy (NASDAQ HNRG) opened at 6.07 on Monday. The company has a 50-day moving average price of $7.34 and a 200-day moving average price of $7.82. Hallador Energy has a one year low of $5.65 and a one year high of $10.40. The company has a market capitalization of $180.66 million, a PE ratio of 22.23 and a beta of -0.61.
Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by $0.13. Hallador Energy had a net margin of 3.13% and a return on equity of 11.19%. The business had revenue of $64.31 million during the quarter, compared to analysts’ expectations of $64.20 million. Analysts expect that Hallador Energy will post $0.65 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd purchased a new position in shares of Hallador Energy during the first quarter worth $125,000. Rhumbline Advisers purchased a new position in shares of Hallador Energy during the second quarter worth $130,000. Algert Global LLC purchased a new position in shares of Hallador Energy during the first quarter worth $142,000. Crescent Grove Advisors LLC purchased a new position in shares of Hallador Energy during the second quarter worth $163,000. Finally, Strs Ohio purchased a new position in shares of Hallador Energy during the second quarter worth $168,000. Institutional investors and hedge funds own 55.72% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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