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

StockNews.com lowered shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a report released on Sunday.

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

Hallador Energy Stock Performance

Shares of HNRG opened at $5.98 on Friday. The company has a market capitalization of $221.42 million, a PE ratio of 10.14 and a beta of 0.66. 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 one year low of $4.33 and a one year high of $15.79. The company’s fifty day moving average price is $7.38 and its 200 day moving average price is $6.77.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.19). Hallador Energy had a net margin of 3.79% and a return on equity of 8.49%. The business had revenue of $90.91 million during the quarter, compared to analyst estimates of $108.00 million. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, analysts expect that Hallador Energy will post 0.36 earnings per share for the current year.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 5,000 shares of Hallador Energy stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $5.76 per share, for a total transaction of $28,800.00. Following the completion of the purchase, the director now owns 159,302 shares in the company, valued at $917,579.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. 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 worth $1,954,000 after buying an additional 209,550 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Hallador Energy during the 4th quarter valued at about $594,000. New York State Common Retirement Fund increased its stake in 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 acquiring an additional 7,027 shares during the period. BNP Paribas Financial Markets raised 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 in the last quarter. Finally, Norden Group LLC bought a new position in Hallador Energy during the first quarter worth about $55,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.