Hallador Energy (NASDAQ:HNRG) Stock Price Crosses Above Two Hundred Day Moving Average of $5.19

Shares of Hallador Energy Co (NASDAQ:HNRG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.19 and traded as high as $4.08. Hallador Energy shares last traded at $3.94, with a volume of 37,175 shares trading hands.

Several research firms recently commented on HNRG. ValuEngine lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 10th. Zacks Investment Research lowered shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The firm has a market capitalization of $122.06 million, a price-to-earnings ratio of 15.12 and a beta of 0.10. The firm’s 50 day moving average is $4.39 and its 200 day moving average is $5.19. The company has a quick ratio of 0.63, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 5th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.17). Hallador Energy had a net margin of 2.77% and a return on equity of 4.27%. The firm had revenue of $72.31 million for the quarter, compared to analyst estimates of $81.30 million. On average, sell-side analysts predict that Hallador Energy Co will post 0.33 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Jasper Ridge Partners L.P. acquired a new stake in shares of Hallador Energy during the second quarter valued at approximately $62,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Hallador Energy during the first quarter valued at approximately $80,000. Alambic Investment Management L.P. acquired a new stake in shares of Hallador Energy during the second quarter valued at approximately $81,000. Bessemer Group Inc. acquired a new stake in shares of Hallador Energy during the second quarter valued at approximately $87,000. Finally, SG Americas Securities LLC raised its holdings in shares of Hallador Energy by 20.3% during the first quarter. SG Americas Securities LLC now owns 16,845 shares of the energy company’s stock valued at $89,000 after acquiring an additional 2,837 shares during the period. Institutional investors and hedge funds own 46.35% of the company’s stock.

Hallador Energy Company Profile (NASDAQ:HNRG)

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 mine 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.

Further Reading: The limitations of an equal weight rating

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