Hallador Energy (NASDAQ:HNRG) Coverage Initiated at Alliance Global Partners

Research analysts at Alliance Global Partners assumed coverage on shares of Hallador Energy (NASDAQ:HNRG) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $17.00 price target on the energy company’s stock. Alliance Global Partners’ price target would indicate a potential upside of 31.27% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. B. Riley upped their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG opened at $12.95 on Monday. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. The company’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $8.58. The firm has a market cap of $551.93 million, a PE ratio of -23.55 and a beta of 0.68. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the prior year, the business posted $0.47 earnings per share. Equities research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the sale, the director now directly owns 2,130,423 shares of the company’s stock, valued at approximately $27,439,848.24. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 83,196 shares of company stock valued at $1,079,078. 32.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hallador Energy

A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Empyrean Capital Partners LP bought a new position in shares of Hallador Energy in the 2nd quarter valued at $3,885,000. Taconic Capital Advisors LP bought a new position in Hallador Energy in the third quarter valued at about $4,147,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after purchasing an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Hallador Energy during the second quarter worth about $2,197,000. Finally, Stifel Financial Corp increased its stake in shares of Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock valued at $2,499,000 after buying an additional 239,972 shares during the period. Institutional investors own 61.38% of the company’s stock.

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.