Wall Street Zen Downgrades Hallador Energy (NASDAQ:HNRG) to Hold

by · The Markets Daily

Hallador Energy (NASDAQ:HNRG – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on HNRG. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Citigroup lowered shares of Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. B. Riley cut shares of Hallador Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hallador Energy has an average rating of “Hold” and a consensus price target of $19.00.

Read Our Latest Analysis on HNRG

Hallador Energy Stock Performance

Shares of HNRG stock opened at $19.75 on Friday. The firm has a market cap of $849.45 million, a P/E ratio of -3.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. Hallador Energy has a one year low of $8.13 and a one year high of $22.44. The firm’s 50 day moving average price is $18.21 and its 200-day moving average price is $16.71.

Hallador Energy (NASDAQ:HNRG – Get Free Report) last released its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.34. The business had revenue of $102.89 million during the quarter, compared to analyst estimates of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the acquisition, the director owned 234,914 shares of the company’s stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David C. Hardie sold 100,000 shares of Hallador Energy stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the sale, the director directly owned 21,072 shares of the company’s stock, valued at approximately $411,536.16. This trade represents a 82.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,062 shares of company stock valued at $7,232,705 in the last quarter. 23.73% of the stock is owned by insiders.

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in Hallador Energy by 2.5% during the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company’s stock worth $462,000 after buying an additional 935 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Hallador Energy by 32.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company’s stock worth $167,000 after acquiring an additional 3,330 shares in the last quarter. Vanguard Group Inc. lifted its stake in Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock worth $20,797,000 after purchasing an additional 65,652 shares during the last quarter. CenterBook Partners LP acquired a new position in Hallador Energy in the first quarter valued at approximately $391,000. Finally, Invesco Ltd. boosted its holdings in Hallador Energy by 356.4% in the first quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after purchasing an additional 213,421 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Company Profile

(Get Free Report)

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.

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