Hallador Energy (HNRG) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a research note published on Wednesday.

Separately, Zacks Investment Research downgraded shares of Hallador Energy from a hold rating to a sell rating in a research note on Thursday, August 9th.

Shares of Hallador Energy stock opened at $5.84 on Wednesday. The firm has a market capitalization of $179.25 million, a PE ratio of 22.00 and a beta of -0.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.95. Hallador Energy has a 1 year low of $4.79 and a 1 year high of $7.98.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, August 6th. The energy company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.09). The company had revenue of $57.24 million during the quarter, compared to analyst estimates of $62.60 million. Hallador Energy had a return on equity of 3.55% and a net margin of 10.20%. sell-side analysts anticipate that Hallador Energy will post 0.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Tuesday, July 31st were given a $0.04 dividend. The ex-dividend date was Monday, July 30th. This represents a $0.16 annualized dividend and a yield of 2.74%. Hallador Energy’s dividend payout ratio (DPR) is currently 30.19%.

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new position in Hallador Energy in the fourth quarter worth $105,000. Mackay Shields LLC bought a new position in Hallador Energy in the first quarter worth $138,000. Alambic Investment Management L.P. bought a new position in Hallador Energy in the second quarter worth $164,000. Hartford Investment Management Co. bought a new position in Hallador Energy in the second quarter worth $200,000. Finally, Strs Ohio lifted its position in Hallador Energy by 53.5% in the second quarter. Strs Ohio now owns 33,300 shares of the energy company’s stock worth $237,000 after purchasing an additional 11,600 shares during the period. 53.23% of the stock is owned by hedge funds and other institutional investors.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

See Also: Price to Earnings Ratio (PE) Basics

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