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 research note issued to investors on Monday morning.

HNRG has been the subject of several other research reports. Alliance Global Partners initiated coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 target price for the company. B. Riley lifted their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st.

Hallador Energy Trading Up 0.6 %

NASDAQ:HNRG opened at $10.36 on Monday. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $10.92 and its 200 day moving average is $11.08. The stock has a market capitalization of $441.53 million, a PE ratio of -18.84 and a beta of 0.18.

Hallador Energy (NASDAQ:HNRG) last issued 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. The firm had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. Sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Hallador Energy by 1,391.0% in the first quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company’s stock worth $750,000 after buying an additional 5,717 shares in the last quarter. Legal & General Group Plc increased its holdings in Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after acquiring an additional 1,435 shares during the period. Quantinno Capital Management LP purchased a new stake in Hallador Energy in the 3rd quarter worth approximately $96,000. XTX Topco Ltd bought a new position in Hallador Energy in the 4th quarter valued at $121,000. Finally, Janus Henderson Group PLC bought a new position in shares of Hallador Energy in the third quarter worth $119,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.