Hallador Energy (NASDAQ:HNRG) Stock Rating Lowered by StockNews.com

Hallador Energy (NASDAQ:HNRG) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Separately, B. Riley raised Hallador Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $9.00 in a research report on Thursday, May 30th.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $5.96 on Friday. The stock’s 50-day moving average is $7.42 and its two-hundred day moving average is $6.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.14. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $15.79. The company has a market cap of $220.68 million, a price-to-earnings ratio of 10.10 and a beta of 0.66.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.19). Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. The company had revenue of $90.91 million for the quarter, compared to analysts’ expectations of $108.00 million. During the same quarter last year, the company earned $0.47 EPS. Analysts forecast that Hallador Energy will post 0.36 EPS for the current fiscal year.

Insider Transactions at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $5.76 per share, with a total value of $28,800.00. Following the transaction, the director now directly owns 159,302 shares in the company, valued at $917,579.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

A number of large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of Hallador Energy in the 2nd quarter valued at about $2,197,000. B. Riley Wealth Advisors Inc. lifted its position in Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after acquiring an additional 364,750 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy during the 2nd quarter worth approximately $78,000. Deerfield Management Company L.P. Series C acquired a new stake in Hallador Energy during the 2nd quarter worth approximately $318,000. Finally, Empyrean Capital Partners LP acquired a new stake in Hallador Energy during the 2nd quarter worth approximately $3,885,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Company Profile

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.