Wall Street Zen Upgrades Hallador Energy (NASDAQ:HNRG) to “Buy”

Hallador Energy (NASDAQ:HNRG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on HNRG. Northland Capmk upgraded Hallador Energy to a “strong-buy” rating in a report on Monday, May 19th. B. Riley cut Hallador Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Citigroup cut Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. Finally, Northland Securities assumed coverage on Hallador Energy in a report on Monday, May 19th. They issued an “outperform” rating and a $23.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hallador Energy currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Hallador Energy Stock Performance

Shares of Hallador Energy stock opened at $17.04 on Friday. The stock’s fifty day moving average is $16.65 and its two-hundred day moving average is $14.91. The company has a market capitalization of $732.89 million, a PE ratio of -3.41 and a beta of 0.45. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. Hallador Energy has a 52 week low of $5.76 and a 52 week high of $22.01.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.34. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%.The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. As a group, analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $15.27 per share, with a total value of $305,400.00. Following the completion of the transaction, the director directly owned 234,914 shares in the company, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors have recently added to or reduced their stakes in HNRG. Wells Fargo & Company MN boosted its position in Hallador Energy by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company’s stock valued at $170,000 after purchasing an additional 3,235 shares in the last quarter. Barclays PLC raised its stake in Hallador Energy by 14.9% in the fourth quarter. Barclays PLC now owns 38,066 shares of the energy company’s stock valued at $436,000 after buying an additional 4,935 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Hallador Energy by 517.0% in the fourth quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company’s stock valued at $351,000 after buying an additional 25,665 shares during the last quarter. Deutsche Bank AG raised its stake in Hallador Energy by 36.5% in the fourth quarter. Deutsche Bank AG now owns 18,207 shares of the energy company’s stock valued at $208,000 after buying an additional 4,872 shares during the last quarter. Finally, GeoSphere Capital Management LLC purchased a new stake in Hallador Energy in the fourth quarter valued at about $572,000. 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.