Hallador Energy (HNRG) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a buy rating in a research note published on Saturday morning.

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

HNRG opened at $6.40 on Friday. Hallador Energy has a one year low of $4.79 and a one year high of $7.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.95. The firm has a market capitalization of $192.53 million, a PE ratio of 12.08 and a beta of -0.22.



Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Monday, August 6th. The energy company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.09). Hallador Energy had a return on equity of 3.55% and a net margin of 10.20%. The firm had revenue of $57.24 million during the quarter, compared to the consensus estimate of $62.60 million. On average, research analysts forecast that Hallador Energy will post 0.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, October 30th. Hallador Energy’s dividend payout ratio is presently 30.19%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hallador Energy by 18.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,300 shares of the energy company’s stock worth $352,000 after acquiring an additional 7,700 shares during the last quarter. Strs Ohio grew its holdings in shares of Hallador Energy by 53.5% in the 2nd quarter. Strs Ohio now owns 33,300 shares of the energy company’s stock worth $237,000 after acquiring an additional 11,600 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Hallador Energy by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 216,800 shares of the energy company’s stock worth $1,548,000 after acquiring an additional 15,000 shares during the last quarter. Algert Global LLC grew its holdings in shares of Hallador Energy by 97.0% in the 2nd quarter. Algert Global LLC now owns 42,704 shares of the energy company’s stock worth $305,000 after acquiring an additional 21,024 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Hallador Energy in the 2nd quarter worth $164,000. Institutional investors and hedge funds own 53.39% of the company’s stock.

About Hallador Energy

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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