Hallador Energy Co. (HNRG) Stock Rating Reaffirmed by FBR & Co
FBR & Co reaffirmed their outperform rating on shares of Hallador Energy Co. (NASDAQ:HNRG) in a research note published on Wednesday morning. FBR & Co currently has a $12.00 price objective on the stock, up from their previous price objective of $10.00.
Separately, Zacks Investment Research raised Hallador Energy from a hold rating to a strong-buy rating and set a $6.50 price objective for the company in a research report on Thursday, August 11th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 9.25 on Wednesday. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $10.40. The stock’s 50 day moving average is $8.75 and its 200-day moving average is $6.35. The firm has a market cap of $270.73 million, a PE ratio of 16.29 and a beta of -0.21.
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The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, October 27th. Hallador Energy’s payout ratio is 28.57%.
In related news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 55.66% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new stake in Hallador Energy during the second quarter valued at $232,000. Eagle Global Advisors LLC boosted its stake in Hallador Energy by 114.2% in the second quarter. Eagle Global Advisors LLC now owns 35,070 shares of the company’s stock valued at $162,000 after buying an additional 18,700 shares during the last quarter. Menta Capital LLC boosted its stake in Hallador Energy by 0.3% in the second quarter. Menta Capital LLC now owns 96,610 shares of the company’s stock valued at $446,000 after buying an additional 283 shares during the last quarter. Martingale Asset Management L P boosted its stake in Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock valued at $407,000 after buying an additional 1,277 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Hallador Energy by 13.2% in the second quarter. HighTower Advisors LLC now owns 42,800 shares of the company’s stock valued at $198,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 49.97% of the company’s stock.
Hallador Energy Company Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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