Hallador Energy (NASDAQ:HNRG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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 raised shares of Hallador Energy from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ:HNRG traded up $0.04 during trading on Wednesday, reaching $3.45. 48,476 shares of the company traded hands, compared to its average volume of 76,412. The firm has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $4.98. The firm has a market cap of $97.40 million, a P/E ratio of 13.80 and a beta of 0.06. Hallador Energy has a 1-year low of $3.21 and a 1-year high of $6.63. The company has a quick ratio of 0.63, a current ratio of 1.33 and a debt-to-equity ratio of 0.54.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Monday, August 5th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.17). Hallador Energy had a net margin of 2.77% and a return on equity of 4.27%. The business had revenue of $72.31 million during the quarter, compared to analyst estimates of $81.30 million. As a group, research analysts anticipate that Hallador Energy will post 0.33 EPS for the current year.

In other Hallador Energy news, Director David C. Hardie acquired 30,380 shares of Hallador Energy stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average price of $3.29 per share, with a total value of $99,950.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 33.40% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in HNRG. Dimensional Fund Advisors LP lifted its stake in shares of Hallador Energy by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,240,104 shares of the energy company’s stock valued at $6,287,000 after purchasing an additional 76,361 shares during the last quarter. SG Americas Securities LLC raised its holdings in Hallador Energy by 20.3% in the 1st quarter. SG Americas Securities LLC now owns 16,845 shares of the energy company’s stock worth $89,000 after acquiring an additional 2,837 shares during the period. Northwestern Mutual Investment Management Company LLC bought a new position in Hallador Energy in the 1st quarter worth $80,000. Cove Street Capital LLC raised its holdings in Hallador Energy by 12.5% in the 1st quarter. Cove Street Capital LLC now owns 225,000 shares of the energy company’s stock worth $1,183,000 after acquiring an additional 25,000 shares during the period. Finally, Bessemer Group Inc. bought a new position in Hallador Energy in the 2nd quarter worth $87,000. 46.35% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Company Profile

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 mine 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.

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