Hallador Energy (NASDAQ:HNRG) Upgraded at StockNews.com

StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, B. Riley upgraded Hallador Energy from a neutral rating to a buy rating and boosted their price target for the stock from $8.00 to $9.00 in a research note on Thursday, May 30th.

Hallador Energy Price Performance

Shares of HNRG stock opened at $5.57 on Friday. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $15.79. The firm has a market capitalization of $206.24 million, a price-to-earnings ratio of 9.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.57. The stock’s 50-day simple moving average is $7.75 and its 200-day simple moving average is $6.91.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. The business had revenue of $90.91 million for the quarter, compared to analysts’ expectations of $108.00 million. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, equities analysts forecast that Hallador Energy will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently bought and sold shares of the company. Norden Group LLC purchased a new stake in Hallador Energy in the first quarter valued at approximately $55,000. Privium Fund Management UK Ltd purchased a new stake in Hallador Energy in the first quarter valued at approximately $64,000. Principal Financial Group Inc. purchased a new stake in Hallador Energy in the first quarter valued at approximately $71,000. Victory Capital Management Inc. purchased a new stake in Hallador Energy in the fourth quarter valued at approximately $99,000. Finally, SG Americas Securities LLC boosted its position in Hallador Energy by 32.0% in the fourth quarter. SG Americas Securities LLC now owns 12,991 shares of the energy company’s stock valued at $115,000 after buying an additional 3,148 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.