Hallador Energy’s (NASDAQ:HNRG) Buy Rating Reaffirmed at B. Riley

B. Riley reiterated their buy rating on shares of Hallador Energy Company (NASDAQ:HNRG) in a research report released on Wednesday, November 8th. B. Riley currently has a $10.00 price objective on the energy company’s stock, down from their prior price objective of $11.00. B. Riley also issued estimates for Hallador Energy’s Q4 2017 earnings at $0.06 EPS, FY2017 earnings at $0.46 EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.43 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hallador Energy from a sell rating to a hold rating in a research note on Tuesday, August 15th. ValuEngine lowered shares of Hallador Energy from a strong-buy rating to a buy rating in a research note on Monday, August 14th.

Hallador Energy (HNRG) traded down $0.09 during trading hours on Wednesday, reaching $5.63. 44,100 shares of the company’s stock were exchanged, compared to its average volume of 104,199. The company has a market cap of $170.25, a price-to-earnings ratio of 6.89 and a beta of -0.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.40. Hallador Energy has a 1-year low of $4.79 and a 1-year high of $9.87.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, November 6th. The energy company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Hallador Energy had a net margin of 2.88% and a return on equity of 10.92%. The business had revenue of $74.50 million during the quarter. sell-side analysts anticipate that Hallador Energy will post 0.46 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, October 31st were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.84%. Hallador Energy’s dividend payout ratio is presently 64.00%.

Several hedge funds have recently made changes to their positions in HNRG. Rhumbline Advisers bought a new stake in Hallador Energy during the second quarter valued at approximately $130,000. Crescent Grove Advisors LLC bought a new stake in Hallador Energy during the second quarter valued at approximately $163,000. Strs Ohio bought a new stake in Hallador Energy during the second quarter valued at approximately $168,000. Nationwide Fund Advisors grew its position in Hallador Energy by 228.3% during the second quarter. Nationwide Fund Advisors now owns 23,314 shares of the energy company’s stock valued at $181,000 after buying an additional 16,213 shares during the period. Finally, Wells Fargo & Company MN grew its position in Hallador Energy by 59.0% during the third quarter. Wells Fargo & Company MN now owns 32,393 shares of the energy company’s stock valued at $185,000 after buying an additional 12,021 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.

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