Hallador Energy Company (HNRG) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Hallador Energy Company (NASDAQ:HNRG) from a sell rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, ValuEngine cut Hallador Energy from a strong-buy rating to a buy rating in a report on Monday, August 14th.
Hallador Energy (NASDAQ HNRG) opened at 5.40 on Tuesday. The stock has a market capitalization of $160.72 million, a PE ratio of 19.78 and a beta of -0.63. Hallador Energy has a 12-month low of $5.15 and a 12-month high of $10.40. The stock has a 50 day moving average price of $5.60 and a 200-day moving average price of $6.82.
Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). Hallador Energy had a return on equity of 11.19% and a net margin of 3.13%. The firm had revenue of $64.31 million during the quarter, compared to the consensus estimate of $64.20 million. On average, equities analysts anticipate that Hallador Energy will post $0.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, October 31st will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.16 annualized dividend and a yield of 2.96%. Hallador Energy’s dividend payout ratio is currently 59.26%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in Hallador Energy in the second quarter worth about $1,430,000. Dimensional Fund Advisors LP grew its position in Hallador Energy by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 665,905 shares of the energy company’s stock worth $5,174,000 after acquiring an additional 87,031 shares in the last quarter. Vanguard Group Inc. grew its position in Hallador Energy by 7.3% in the second quarter. Vanguard Group Inc. now owns 965,999 shares of the energy company’s stock worth $7,506,000 after acquiring an additional 65,994 shares in the last quarter. Northern Trust Corp grew its position in Hallador Energy by 108.4% in the second quarter. Northern Trust Corp now owns 354,429 shares of the energy company’s stock worth $2,754,000 after acquiring an additional 184,354 shares in the last quarter. Finally, Citigroup Inc. purchased a new position in Hallador Energy in the second quarter worth about $320,000. Institutional investors own 57.88% of the company’s stock.
Hallador Energy Company Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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