FBR & Co reaffirmed their outperform rating on shares of Hallador Energy Co. (NASDAQ:HNRG) in a research report report published on Thursday morning. They currently have a $8.00 target price on the stock, up from their previous target price of $7.00.
Separately, Zacks Investment Research lowered shares of Hallador Energy from a strong-buy rating to a hold rating in a report on Tuesday, July 12th.
Hallador Energy (NASDAQ:HNRG) opened at 7.87 on Thursday. The firm has a market cap of $230.20 million, a price-to-earnings ratio of 13.20 and a beta of 0.03. The firm’s 50-day moving average is $7.38 and its 200-day moving average is $5.45. Hallador Energy has a 52-week low of $3.95 and a 52-week high of $8.70.
In other news, insider Brent K. Bilsland sold 123,586 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 55.66% of the company’s stock.
Several large investors have recently modified their holdings of HNRG. HighTower Advisors LLC increased its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Hallador Energy during the second quarter valued at about $497,000. PNC Financial Services Group Inc. increased its stake in shares of Hallador Energy by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 50,839 shares of the company’s stock valued at $236,000 after buying an additional 1,984 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of Hallador Energy during the second quarter valued at about $3,217,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Hallador Energy during the second quarter valued at about $373,000. 51.74% of the stock is owned by institutional investors.
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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