Hallador Energy (NASDAQ:HNRG) Given New $15.00 Price Target at B. Riley

Hallador Energy (NASDAQ:HNRG) had its target price raised by B. Riley from $13.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

HNRG has been the subject of a number of other reports. StockNews.com raised shares of Hallador Energy to a “sell” rating in a research note on Friday, March 21st. Alliance Global Partners began coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target for the company.

Hallador Energy Trading Down 1.1 %

HNRG opened at $12.14 on Tuesday. The stock has a 50-day moving average of $11.02 and a 200 day moving average of $10.95. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The firm has a market cap of $517.39 million, a P/E ratio of -22.07 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly 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 company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $102.46 million. As a group, research analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HNRG. Barclays PLC grew its stake in shares of Hallador Energy by 272.9% during the third quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after acquiring an additional 24,247 shares during the last quarter. Stifel Financial Corp boosted its stake in Hallador Energy by 959.7% in the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares in the last quarter. Highland Peak Capital LLC purchased a new stake in Hallador Energy during the 4th quarter worth approximately $5,895,000. Geode Capital Management LLC increased its stake in Hallador Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after purchasing an additional 27,093 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in Hallador Energy during the 4th quarter valued at approximately $171,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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.