Hallador Energy (NASDAQ:HNRG) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a report published on Friday morning.

Separately, B. Riley upgraded shares of Hallador Energy from a neutral rating to a buy rating and raised their price objective for the company from $8.00 to $9.00 in a research note on Thursday, May 30th.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $6.66 on Friday. The company has a market capitalization of $246.62 million, a P/E ratio of 11.95 and a beta of 0.66. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $15.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.57. The stock has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $7.01.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, May 6th. The energy company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The firm had revenue of $109.67 million for the quarter, compared to analyst estimates of $122.40 million. Hallador Energy had a net margin of 3.79% and a return on equity of 8.49%. Analysts expect that Hallador Energy will post 0.36 earnings per share for the current year.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in Hallador Energy by 1,822.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 221,050 shares of the energy company’s stock valued at $1,954,000 after buying an additional 209,550 shares during the last quarter. Jump Financial LLC bought a new position in shares of Hallador Energy during the 4th quarter valued at approximately $594,000. New York State Common Retirement Fund grew its holdings in shares of Hallador Energy by 17.1% in the fourth quarter. New York State Common Retirement Fund now owns 48,213 shares of the energy company’s stock valued at $426,000 after purchasing an additional 7,027 shares in the last quarter. BNP Paribas Financial Markets increased its position in Hallador Energy by 264.1% in the fourth quarter. BNP Paribas Financial Markets now owns 76,823 shares of the energy company’s stock worth $679,000 after purchasing an additional 55,724 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Hallador Energy by 32.0% during the fourth quarter. SG Americas Securities LLC now owns 12,991 shares of the energy company’s stock valued at $115,000 after purchasing an additional 3,148 shares in the last quarter. 61.38% of the stock is currently owned by 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.