Brokerages Set Hallador Energy Company (NASDAQ:HNRG) Price Target at $26.63

Shares of Hallador Energy Company (NASDAQ:HNRG) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $26.6250.

Several equities research analysts have recently commented on the company. Zacks Research cut Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Wall Street Zen cut Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors have recently made changes to their positions in HNRG. AQR Capital Management LLC grew its stake in shares of Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after purchasing an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares during the period. Millennium Management LLC grew its stake in shares of Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC grew its stake in shares of Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock worth $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy during the first quarter worth $807,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Stock Up 4.2%

NASDAQ HNRG opened at $15.84 on Friday. The stock has a fifty day moving average of $17.42 and a 200-day moving average of $19.08. The stock has a market capitalization of $746.54 million, a P/E ratio of 16.50 and a beta of 0.27. Hallador Energy has a 52 week low of $13.60 and a 52 week high of $24.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $101.94 million during the quarter, compared to analysts’ expectations of $105.48 million. Hallador Energy had a return on equity of 30.82% and a net margin of 8.92%. On average, equities research analysts forecast that Hallador Energy will post 0.19 EPS for the current year.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.