FY2018 EPS Estimates for Hallador Energy Company (HNRG) Reduced by FBR & Co
Hallador Energy Company (NASDAQ:HNRG) – Analysts at FBR & Co cut their FY2018 earnings per share estimates for Hallador Energy Company in a research note issued on Tuesday. FBR & Co analyst L. Pipes now forecasts that the energy company will post earnings of $0.21 per share for the year, down from their prior estimate of $0.32. FBR & Co has a “Outperform” rating and a $11.00 price objective on the stock. FBR & Co also issued estimates for Hallador Energy Company’s FY2019 earnings at $0.46 EPS.
Separately, Zacks Investment Research raised Hallador Energy Company from a “sell” rating to a “hold” rating and set a $8.25 price target on the stock in a research report on Thursday, May 11th.
Hallador Energy Company (NASDAQ HNRG) opened at 7.24 on Thursday. The firm has a 50-day moving average of $7.43 and a 200-day moving average of $8.37. The company has a market capitalization of $213.57 million, a P/E ratio of 15.84 and a beta of -0.46. Hallador Energy Company has a one year low of $3.95 and a one year high of $10.40.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in Hallador Energy Company by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock worth $380,000 after buying an additional 4,579 shares in the last quarter. TFS Capital LLC raised its stake in Hallador Energy Company by 21.5% in the first quarter. TFS Capital LLC now owns 36,680 shares of the energy company’s stock worth $294,000 after buying an additional 6,488 shares in the last quarter. Barings LLC raised its stake in Hallador Energy Company by 11.0% in the fourth quarter. Barings LLC now owns 69,239 shares of the energy company’s stock worth $629,000 after buying an additional 6,862 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Hallador Energy Company during the first quarter worth about $125,000. Finally, Algert Global LLC bought a new stake in Hallador Energy Company during the first quarter worth about $142,000. 57.11% of the stock is currently owned by institutional investors.
In other Hallador Energy Company news, CFO Lawrence D. Martin sold 3,583 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $7.40, for a total value of $26,514.20. Following the sale, the chief financial officer now owns 142,836 shares of the company’s stock, valued at approximately $1,056,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 55.66% of the stock is owned by company insiders.
Hallador Energy Company 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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