Hallador Energy (NASDAQ:HNRG) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a report released on Sunday.

Separately, B. Riley raised shares of Hallador Energy from a neutral rating to a buy rating and upped their price objective for the company from $8.00 to $9.00 in a report on Thursday, May 30th.

Hallador Energy Trading Down 1.3 %

NASDAQ HNRG opened at $5.90 on Friday. 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 company has a market capitalization of $218.46 million, a price-to-earnings ratio of 10.00 and a beta of 0.66. The company’s 50-day simple moving average is $7.35 and its two-hundred day simple moving average is $6.77. Hallador Energy has a one year low of $4.33 and a one year high of $15.79.

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

Insider Activity

In related news, Director Charles Ray Iv Wesley bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $5.76 per share, for a total transaction of $28,800.00. Following the completion of the acquisition, the director now owns 159,302 shares of the company’s stock, valued at approximately $917,579.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HNRG. Bank of New York Mellon Corp boosted its holdings in shares of Hallador Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after acquiring an additional 3,017 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Hallador Energy by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company’s stock valued at $283,000 after purchasing an additional 4,887 shares during the period. Rhumbline Advisers lifted its stake in shares of Hallador Energy by 16.1% in the 2nd quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after purchasing an additional 5,241 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Hallador Energy by 17.1% in the 4th quarter. New York State Common Retirement Fund now owns 48,213 shares of the energy company’s stock valued at $426,000 after purchasing an additional 7,027 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $78,000. 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.