Hallador Energy (NASDAQ:HNRG) Upgraded to “Sell” at StockNews.com

Hallador Energy (NASDAQ:HNRG) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued on Friday.

Separately, Alliance Global Partners assumed coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 target price for the company.

Hallador Energy Stock Up 4.6 %

Shares of HNRG stock opened at $12.58 on Friday. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The firm has a market cap of $536.12 million, a PE ratio of -22.87 and a beta of 0.55. The stock has a 50 day moving average of $10.98 and a 200-day moving average of $10.53.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $94.80 million during the quarter, compared to analysts’ expectations of $102.46 million. On average, equities analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc boosted its position in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after acquiring an additional 1,435 shares in the last quarter. Quantinno Capital Management LP bought a new position in Hallador Energy during the third quarter worth about $96,000. Janus Henderson Group PLC acquired a new stake in Hallador Energy during the third quarter valued at approximately $119,000. XTX Topco Ltd bought a new stake in shares of Hallador Energy in the 4th quarter valued at approximately $121,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hallador Energy in the 4th quarter worth approximately $156,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

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.