Hallador Energy (NASDAQ:HNRG) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Hallador Energy (NASDAQ:HNRG) to a sell rating in a research report report published on Friday morning.

Separately, Alliance Global Partners started coverage on Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Stock Performance

HNRG opened at $12.78 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. The firm has a 50 day moving average of $11.00 and a two-hundred day moving average of $10.64. The firm has a market capitalization of $544.67 million, a PE ratio of -23.24 and a beta of 0.55.

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

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company’s stock valued at $12,566,000 after buying an additional 1,073,433 shares during the period. Empyrean Capital Partners LP grew its position in shares of Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company’s stock valued at $15,171,000 after acquiring an additional 550,000 shares during the period. Highland Peak Capital LLC purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $5,895,000. Apis Capital Advisors LLC raised its holdings in Hallador Energy by 106.9% in the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after purchasing an additional 464,000 shares during the period. Finally, Taconic Capital Advisors LP purchased a new position in Hallador Energy during the third quarter worth approximately $4,147,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.