Hallador Energy (NASDAQ:HNRG) Stock Rating Upgraded by StockNews.com

Hallador Energy (NASDAQ:HNRG) was upgraded by stock analysts at StockNews.com to a “sell” rating in a report released on Friday.

Separately, Alliance Global Partners started coverage on shares of Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock.

Hallador Energy Stock Up 1.6 %

Shares of NASDAQ HNRG opened at $12.78 on Friday. The company’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.61. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The firm has a market cap of $544.65 million, a price-to-earnings ratio of -23.24 and a beta of 0.55. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. Equities analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock worth $21,569,000 after acquiring an additional 173,749 shares during the last quarter. Vanguard Group Inc. boosted its position in Hallador Energy by 13.9% during the fourth quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company’s stock worth $18,640,000 after acquiring an additional 198,790 shares during the last quarter. Empyrean Capital Partners LP boosted its position in Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock worth $15,171,000 after acquiring an additional 550,000 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock worth $12,566,000 after acquiring an additional 1,073,433 shares during the last quarter. Finally, Apis Capital Advisors LLC boosted its position in Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after acquiring an additional 464,000 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

About Hallador Energy

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.