Hallador Energy (NASDAQ:HNRG) Given New $15.00 Price Target at B. Riley

Hallador Energy (NASDAQ:HNRG) had its target price increased by investment analysts at B. Riley from $13.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s price target would indicate a potential upside of 23.46% from the stock’s current price.

Several other research firms have also recently weighed in on HNRG. StockNews.com upgraded shares of Hallador Energy to a “sell” rating in a research note on Friday, March 21st. 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 target for the company.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded down $0.13 during trading hours on Tuesday, hitting $12.15. 165,066 shares of the company’s stock were exchanged, compared to its average volume of 517,218. The company’s 50-day moving average price is $11.03 and its 200-day moving average price is $10.91. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The stock has a market capitalization of $517.82 million, a price-to-earnings ratio of -22.09 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data 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 business had revenue of $94.80 million for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Hallador Energy

Several institutional investors have recently made changes to their positions in HNRG. Nebula Research & Development LLC lifted its stake in Hallador Energy by 3.0% during the fourth quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company’s stock worth $357,000 after purchasing an additional 906 shares during the period. Rhumbline Advisers raised its holdings in shares of Hallador Energy by 3.0% in the 4th quarter. Rhumbline Advisers now owns 36,672 shares of the energy company’s stock worth $420,000 after buying an additional 1,068 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after buying an additional 1,435 shares during the period. Quantinno Capital Management LP boosted its stake in Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock valued at $136,000 after buying an additional 1,729 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Hallador Energy by 15.4% in the fourth quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company’s stock valued at $171,000 after acquiring an additional 1,990 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

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.