CNX Coal Resources (NYSE: CNXC) and Hallador Energy (NASDAQ:HNRG) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, risk, earnings, profitability, analyst recommendations, dividends and valuation.
Dividends
CNX Coal Resources pays an annual dividend of $2.05 per share and has a dividend yield of 12.7%. Hallador Energy pays an annual dividend of $0.16 per share and has a dividend yield of 2.6%. CNX Coal Resources pays out 134.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hallador Energy pays out 59.3% of its earnings in the form of a dividend.
Profitability
This table compares CNX Coal Resources and Hallador Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| CNX Coal Resources | 11.26% | 22.89% | 7.21% |
| Hallador Energy | 3.13% | 11.19% | 4.67% |
Analyst Recommendations
This is a summary of recent ratings for CNX Coal Resources and Hallador Energy, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| CNX Coal Resources | 0 | 1 | 5 | 0 | 2.83 |
| Hallador Energy | 0 | 0 | 1 | 0 | 3.00 |
CNX Coal Resources presently has a consensus target price of $21.60, suggesting a potential upside of 34.16%. Hallador Energy has a consensus target price of $11.00, suggesting a potential upside of 81.22%. Given Hallador Energy’s stronger consensus rating and higher probable upside, analysts plainly believe Hallador Energy is more favorable than CNX Coal Resources.
Volatility & Risk
CNX Coal Resources has a beta of 1.51, suggesting that its share price is 51% more volatile than the S&P 500. Comparatively, Hallador Energy has a beta of -0.61, suggesting that its share price is 161% less volatile than the S&P 500.
Insider & Institutional Ownership
60.8% of CNX Coal Resources shares are held by institutional investors. Comparatively, 55.7% of Hallador Energy shares are held by institutional investors. 55.7% of Hallador Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares CNX Coal Resources and Hallador Energy’s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | EBITDA | Earnings Per Share | Price/Earnings Ratio | |
| CNX Coal Resources | $316.77 million | 1.19 | $95.25 million | $1.52 | 10.59 |
| Hallador Energy | $264.18 million | 0.68 | $71.61 million | $0.27 | 22.48 |
CNX Coal Resources has higher revenue and earnings than Hallador Energy. CNX Coal Resources is trading at a lower price-to-earnings ratio than Hallador Energy, indicating that it is currently the more affordable of the two stocks.
Summary
CNX Coal Resources beats Hallador Energy on 11 of the 16 factors compared between the two stocks.
About CNX Coal Resources
CNX Coal Resources LP is a producer of high-British thermal units (Btu) thermal coal in the Northern Appalachian Basin and the eastern United States. It is engaged in the management and development of coal operations of CONSOL Energy Inc. (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. The Pennsylvania Mining Complex includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine. It mines its reserves from the Pittsburgh Number eight Coal Seam, which is a contiguous formation of uniform, Btu thermal coal. Its Bailey Mine is located in Enon, Pennsylvania. Its Enlow Fork Mine is located directly north of the Bailey Mine. Its Harvey Mine is located directly east of the Bailey and Enlow Fork Mines.
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. It develops over 10 million tons of coal annually and has customers in the mid-west and southeastern United States. It has over 40.6 million tons of the Indiana coal V seam. It also has over 69.3 million controlled tons in both Knox County, Indiana and Lawrence County, Illinois. Its Carlisle underground coal mine is located near the town of Carlisle, Indiana in Sullivan County. The Ace mine is located approximately 40 miles northeast of the Carlisle Mine. Its Bulldog Mine controls over 35.8 million tons of coal reserves.
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