ValuEngine Upgrades Hallador Energy (HNRG) to Buy

ValuEngine upgraded shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a buy rating in a research note published on Friday.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Hallador Energy from a hold rating to a sell rating in a research note on Friday, September 22nd. B. Riley reaffirmed a buy rating and set a $10.00 target price (down previously from $11.00) on shares of Hallador Energy in a research note on Wednesday, November 8th.

Hallador Energy (NASDAQ:HNRG) opened at $5.71 on Friday. The stock has a market cap of $184.52, a P/E ratio of 7.46 and a beta of -0.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.91. Hallador Energy has a one year low of $4.79 and a one year high of $9.87.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, November 6th. The energy company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $74.50 million for the quarter. Hallador Energy had a net margin of 2.88% and a return on equity of 10.92%. equities analysts anticipate that Hallador Energy will post 0.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.80%. Hallador Energy’s dividend payout ratio (DPR) is presently 61.54%.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Hallador Energy by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 700,317 shares of the energy company’s stock worth $4,006,000 after purchasing an additional 34,412 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Hallador Energy by 59.0% during the third quarter. Wells Fargo & Company MN now owns 32,393 shares of the energy company’s stock worth $185,000 after purchasing an additional 12,021 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hallador Energy by 213.8% during the third quarter. JPMorgan Chase & Co. now owns 104,779 shares of the energy company’s stock worth $602,000 after purchasing an additional 71,384 shares during the period. State Street Corp acquired a new position in Hallador Energy in the second quarter valued at $1,430,000. Finally, Vanguard Group Inc. lifted its holdings in 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 period. Institutional investors own 55.75% of the company’s stock.

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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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