ValuEngine Downgrades Hallador Energy (HNRG) to Sell

Hallador Energy (NASDAQ:HNRG) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Zacks Investment Research raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th.

HNRG opened at $5.15 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $155.41 million, a P/E ratio of 9.72 and a beta of -0.10. Hallador Energy has a 12-month low of $4.75 and a 12-month high of $7.98.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $79.72 million during the quarter, compared to analysts’ expectations of $79.30 million. Hallador Energy had a return on equity of 3.07% and a net margin of 9.64%. On average, equities research analysts predict that Hallador Energy will post 0.27 earnings per share for the current year.

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 8,347 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $6.02 per share, with a total value of $50,248.94. Following the completion of the acquisition, the director now owns 8,347 shares in the company, valued at approximately $50,248.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 45.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HNRG. Matarin Capital Management LLC purchased a new position in Hallador Energy during the third quarter valued at approximately $380,000. Renaissance Technologies LLC lifted its holdings in Hallador Energy by 25.1% during the third quarter. Renaissance Technologies LLC now owns 271,256 shares of the energy company’s stock valued at $1,687,000 after purchasing an additional 54,456 shares in the last quarter. AlpInvest Partners B.V. purchased a new position in Hallador Energy during the third quarter valued at approximately $286,000. Bridgeway Capital Management Inc. lifted its holdings in Hallador Energy by 35.3% during the third quarter. Bridgeway Capital Management Inc. now owns 191,600 shares of the energy company’s stock valued at $1,192,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Hallador Energy by 11.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,163,743 shares of the energy company’s stock valued at $7,238,000 after purchasing an additional 117,819 shares in the last quarter. 52.05% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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