ValuEngine upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a research note issued to investors on Sunday, ValuEngine reports.

Separately, Zacks Investment Research raised Hallador Energy from a sell rating to a hold rating in a report on Wednesday, January 9th.

NASDAQ:HNRG opened at $5.08 on Friday. The firm has a market capitalization of $150.32 million, a P/E ratio of 20.32 and a beta of -0.05. Hallador Energy has a 12-month low of $4.75 and a 12-month high of $7.98. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.61.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, March 11th. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $89.73 million during the quarter, compared to analysts’ expectations of $89.40 million. Hallador Energy had a net margin of 2.58% and a return on equity of 2.99%. Equities research analysts predict that Hallador Energy will post 0.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, April 29th. Hallador Energy’s dividend payout ratio (DPR) is 64.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tiff Advisory Services Inc. purchased a new stake in Hallador Energy during the 4th quarter worth about $54,000. Stone Ridge Asset Management LLC purchased a new stake in Hallador Energy during the 4th quarter worth about $56,000. Hamilton Lane Advisors LLC purchased a new stake in Hallador Energy during the 1st quarter worth about $62,000. Millennium Management LLC purchased a new stake in Hallador Energy during the 4th quarter worth about $65,000. Finally, SG Americas Securities LLC purchased a new stake in Hallador Energy during the 4th quarter worth about $71,000. 48.36% of the stock is owned by institutional investors.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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