Hallador Energy (NASDAQ:HNRG) Lifted to Buy at ValuEngine

Hallador Energy (NASDAQ:HNRG) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, October 27th.

Separately, Zacks Investment Research downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th.

Hallador Energy stock traded up $0.08 during midday trading on Friday, reaching $5.82. The stock had a trading volume of 38,430 shares, compared to its average volume of 61,318. Hallador Energy has a 12 month low of $5.48 and a 12 month high of $7.98. The firm has a market capitalization of $173.22 million, a price-to-earnings ratio of 10.98 and a beta of -0.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.93 and a quick ratio of 1.13.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, November 6th. The energy company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Hallador Energy had a net margin of 9.64% and a return on equity of 3.07%. The firm had revenue of $79.72 million during the quarter, compared to the consensus estimate of $79.30 million. On average, sell-side analysts expect that Hallador Energy will post 0.27 EPS for the current year.

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 8,347 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $6.02 per share, for a total transaction of $50,248.94. Following the purchase, the director now directly owns 8,347 shares of the company’s stock, valued at $50,248.94. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 45.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HNRG. Matarin Capital Management LLC bought a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $380,000. Renaissance Technologies LLC raised its holdings in shares of Hallador Energy by 25.1% in the 3rd quarter. Renaissance Technologies LLC now owns 271,256 shares of the energy company’s stock worth $1,687,000 after purchasing an additional 54,456 shares during the period. AlpInvest Partners B.V. bought a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $286,000. JPMorgan Chase & Co. raised its holdings in shares of Hallador Energy by 1,887.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,027 shares of the energy company’s stock worth $417,000 after purchasing an additional 63,654 shares during the period. Finally, Bridgeway Capital Management Inc. raised its holdings in shares of Hallador Energy by 35.3% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 191,600 shares of the energy company’s stock worth $1,192,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 54.20% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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