Hallador Energy (NASDAQ:HNRG) Rating Lowered to “Sell” at Wall Street Zen

Hallador Energy (NASDAQ:HNRG) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

HNRG has been the topic of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $27.00 in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Hallador Energy Price Performance

NASDAQ HNRG opened at $15.72 on Friday. Hallador Energy has a 52 week low of $9.25 and a 52 week high of $24.70. The company has a current ratio of 0.81, a quick ratio of 0.23 and a debt-to-equity ratio of 0.19. The stock has a market cap of $739.15 million, a price-to-earnings ratio of 16.38 and a beta of 0.22. The company has a 50-day moving average price of $18.79 and a two-hundred day moving average price of $19.45.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $101.94 million for the quarter, compared to analysts’ expectations of $105.48 million. Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%. Analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 679 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hallador Energy in the 2nd quarter worth $27,000. State of Alaska Department of Revenue bought a new stake in shares of Hallador Energy in the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,111 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of Hallador Energy in the fourth quarter valued at $42,000. Institutional investors own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.