Hallador Energy (NASDAQ:HNRG) Coverage Initiated at Northland Securities

Research analysts at Northland Securities started coverage on shares of Hallador Energy (NASDAQ:HNRG) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $23.00 price target on the energy company’s stock. Northland Securities’ target price points to a potential upside of 19.60% from the company’s previous close.

HNRG has been the topic of a number of other reports. StockNews.com upgraded Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. B. Riley raised their target price on Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st.

Hallador Energy Stock Up 1.8%

Shares of NASDAQ:HNRG opened at $19.23 on Monday. Hallador Energy has a 1 year low of $4.86 and a 1 year high of $20.10. The business has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $12.16. The firm has a market capitalization of $826.43 million, a PE ratio of -34.96 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $117.79 million during the quarter, compared to analyst estimates of $98.70 million. On average, equities analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Institutional Trading of Hallador Energy

Several institutional investors have recently made changes to their positions in HNRG. Pinnacle Holdings LLC increased its holdings in Hallador Energy by 33.0% in the 1st quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company’s stock valued at $68,000 after purchasing an additional 1,373 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after acquiring an additional 1,435 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Hallador Energy during the 4th quarter worth about $121,000. Quantinno Capital Management LP boosted its position in shares of Hallador Energy by 17.0% during the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock worth $136,000 after acquiring an additional 1,729 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Hallador Energy during the 4th quarter worth about $156,000. Hedge funds and other 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.