StockNews.com Upgrades Hallador Energy (NASDAQ:HNRG) to “Sell”

Hallador Energy (NASDAQ:HNRG) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

Separately, Alliance Global Partners initiated coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 price target on the stock.

Hallador Energy Price Performance

Shares of HNRG stock opened at $12.78 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm’s 50-day moving average is $11.00 and its two-hundred day moving average is $10.61. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a market capitalization of $544.65 million, a PE ratio of -23.24 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $94.80 million for the quarter, compared to the consensus estimate of $102.46 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. Analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently made changes to their positions in HNRG. Legal & General Group Plc raised its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after acquiring an additional 1,435 shares during the period. Quantinno Capital Management LP purchased a new stake in Hallador Energy during the 3rd quarter worth approximately $96,000. Janus Henderson Group PLC purchased a new stake in Hallador Energy during the 3rd quarter worth approximately $119,000. XTX Topco Ltd purchased a new stake in Hallador Energy during the 4th quarter worth approximately $121,000. Finally, Intech Investment Management LLC purchased a new stake in Hallador Energy during the 4th quarter worth approximately $156,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

About Hallador Energy

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.