Zacks Investment Research downgraded shares of Hallador Energy Company (NASDAQ:HNRG) from a hold rating to a sell rating in a research report report published on Friday morning.
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 downgraded Hallador Energy from a strong-buy rating to a buy rating in a research report on Monday, August 14th.
Shares of Hallador Energy (NASDAQ:HNRG) traded up 3.15% during mid-day trading on Friday, reaching $5.89. The company’s stock had a trading volume of 51,410 shares. The firm has a market cap of $175.30 million, a PE ratio of 21.58 and a beta of -0.60. Hallador Energy has a one year low of $5.28 and a one year high of $10.40. The firm’s 50 day moving average is $5.95 and its 200 day moving average is $7.21.
Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The business had revenue of $64.31 million for the quarter, compared to analyst estimates of $64.20 million. Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. On average, equities analysts anticipate that Hallador Energy will post $0.48 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Robotti Robert increased its position in shares of Hallador Energy by 4.6% during the second quarter. Robotti Robert now owns 46,431 shares of the energy company’s stock worth $345,000 after purchasing an additional 2,042 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Hallador Energy by 10.7% during the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock worth $380,000 after purchasing an additional 4,579 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Hallador Energy during the first quarter worth $125,000. Nationwide Fund Advisors increased its position in shares of Hallador Energy by 228.3% during the second quarter. Nationwide Fund Advisors now owns 23,314 shares of the energy company’s stock worth $181,000 after purchasing an additional 16,213 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of Hallador Energy during the second quarter worth $130,000. 57.88% of the stock is currently 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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