Hallador Energy Company (NASDAQ:HNRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, October 17th.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, ValuEngine cut shares of Hallador Energy from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th.
Shares of Hallador Energy (HNRG) traded down $0.21 during trading hours on Tuesday, hitting $4.81. 55,574 shares of the company were exchanged, compared to its average volume of 63,515. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. Hallador Energy has a twelve month low of $4.98 and a twelve month high of $10.40. The company has a market cap of $149.41, a P/E ratio of 5.98 and a beta of -0.54.
Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Tuesday, August 8th. The energy company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. The firm had revenue of $64.31 million during the quarter, compared to the consensus estimate of $64.20 million. analysts expect that Hallador Energy will post 0.48 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. AJO LP increased its stake in shares of Hallador Energy by 1,105.1% during the 2nd quarter. AJO LP now owns 378,882 shares of the energy company’s stock worth $2,944,000 after purchasing an additional 347,442 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hallador Energy by 108.4% during the 2nd quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock worth $2,754,000 after purchasing an additional 184,354 shares during the last quarter. State Street Corp acquired a new position in shares of Hallador Energy during the 2nd quarter worth $1,430,000. Dimensional Fund Advisors LP increased its stake in shares of Hallador Energy by 41.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 578,874 shares of the energy company’s stock worth $4,637,000 after purchasing an additional 170,342 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Hallador Energy by 92.6% during the 1st quarter. Renaissance Technologies LLC now owns 332,200 shares of the energy company’s stock worth $2,661,000 after purchasing an additional 159,700 shares during the last quarter. 57.45% of the stock is owned by institutional investors and hedge funds.
About Hallador Energy
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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