Hallador Energy (NASDAQ:HNRG) Stock Price Expected to Rise, B. Riley Analyst Says

Hallador Energy (NASDAQ:HNRG) had its price objective increased by B. Riley from $13.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. B. Riley’s price target indicates a potential upside of 23.46% from the company’s current price.

A number of other research analysts have also recently issued reports on HNRG. StockNews.com raised Hallador Energy to a “sell” rating in a report on Friday, March 21st. 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 Price Performance

Shares of NASDAQ HNRG traded down $0.13 during mid-day trading on Tuesday, hitting $12.15. 165,066 shares of the stock were exchanged, compared to its average volume of 517,218. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The stock’s fifty day simple moving average is $11.03 and its two-hundred day simple moving average is $10.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The company has a market cap of $517.82 million, a P/E ratio of -22.09 and a beta of 0.55.

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

Institutional Trading of Hallador Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in 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 purchasing an additional 1,435 shares during the period. Quantinno Capital Management LP acquired a new position in Hallador Energy in the third quarter valued at approximately $96,000. XTX Topco Ltd acquired a new position in Hallador Energy in the fourth quarter valued at approximately $121,000. Janus Henderson Group PLC bought a new position in Hallador Energy in the third quarter valued at approximately $119,000. Finally, Intech Investment Management LLC bought a new stake in shares of Hallador Energy during the 4th quarter valued at $156,000. 61.38% of the stock is currently 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.