Zacks Investment Research cut shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a research report released on Tuesday 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 shares of Hallador Energy from a buy rating to a hold rating in a research note on Friday, February 2nd.
A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in Hallador Energy by 59.0% during the third quarter. Wells Fargo & Company MN now owns 32,393 shares of the energy company’s stock worth $185,000 after purchasing an additional 12,021 shares during the period. Millennium Management LLC purchased a new position in Hallador Energy during the fourth quarter worth approximately $105,000. Ramsey Quantitative Systems purchased a new position in Hallador Energy during the fourth quarter worth approximately $131,000. Algert Global LLC purchased a new position in Hallador Energy during the fourth quarter worth approximately $132,000. Finally, Cornercap Investment Counsel Inc. raised its stake in Hallador Energy by 13.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 201,307 shares of the energy company’s stock worth $1,226,000 after purchasing an additional 23,475 shares during the period. 55.40% of the stock is currently owned by institutional investors.
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Hallador Energy Company Profile
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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