Hallador Energy (NASDAQ:HNRG) Price Target Raised to $13.00 at B. Riley

Hallador Energy (NASDAQ:HNRG) had its price objective increased by B. Riley from $9.00 to $13.00 in a research report sent to investors on Wednesday morning,Benzinga reports. B. Riley currently has a buy rating on the energy company’s stock.

Separately, StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $13.13 on Wednesday. The company’s fifty day simple moving average is $8.89 and its 200-day simple moving average is $7.70. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The company has a market cap of $559.34 million, a PE ratio of -21.31 and a beta of 0.62.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.88%. The business had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. During the same quarter last year, the firm posted $0.47 EPS. As a group, equities research analysts anticipate that Hallador Energy will post -0.41 EPS for the current year.

Insider Buying and Selling

In other news, Director Zarrell Thomas Gray purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $5.75 per share, with a total value of $28,750.00. Following the purchase, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $189,750. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Zarrell Thomas Gray purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $5.75 per share, with a total value of $28,750.00. Following the purchase, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $189,750. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles Ray Iv Wesley bought 25,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the transaction, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 51,000 shares of company stock valued at $308,840 in the last quarter. Company insiders own 32.30% of the company’s stock.

Institutional Investors Weigh In On Hallador Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Hallador Energy by 154.4% in the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after purchasing an additional 4,993 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Hallador Energy in the 2nd quarter worth about $78,000. Exchange Traded Concepts LLC increased its position in shares of Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hallador Energy in the 3rd quarter worth about $100,000. Finally, Net Worth Advisory Group bought a new stake in shares of Hallador Energy in the 3rd quarter worth about $162,000. Institutional investors own 61.38% of the company’s stock.

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.