Hallador Energy Company (NASDAQ:HNRG) Issues Quarterly Earnings Results

Hallador Energy Company (NASDAQ:HNRG) released its earnings results on Monday, November 6th. The energy company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01, Bloomberg Earnings reports. The company had revenue of $74.50 million during the quarter. Hallador Energy had a return on equity of 10.92% and a net margin of 2.88%.

Hallador Energy (NASDAQ:HNRG) traded up $0.23 during mid-day trading on Friday, hitting $5.90. The company had a trading volume of 43,700 shares, compared to its average volume of 103,677. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.40. The firm has a market cap of $175.88, a price-to-earnings ratio of 7.11 and a beta of -0.54. Hallador Energy has a twelve month low of $4.79 and a twelve month high of $9.87.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, October 31st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Monday, October 30th. Hallador Energy’s dividend payout ratio is currently 61.54%.

Several equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Hallador Energy in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine cut Hallador Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th.

A hedge fund recently bought a new stake in Hallador Energy stock. State Street Corp bought a new position in Hallador Energy Company (NASDAQ:HNRG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 184,020 shares of the energy company’s stock, valued at approximately $1,430,000. State Street Corp owned 0.62% of Hallador Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

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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.

Earnings History for Hallador Energy (NASDAQ:HNRG)

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