Hallador Energy Co. (NASDAQ:HNRG) – Equities research analysts at FBR & Co increased their FY2016 earnings per share estimates for shares of Hallador Energy in a research note issued on Thursday. FBR & Co analyst L. Pipes now anticipates that the firm will post earnings of $0.60 per share for the year, up from their prior forecast of $0.59. FBR & Co has a “Outperform” rating and a $8.00 price target on the stock. FBR & Co also issued estimates for Hallador Energy’s Q4 2016 earnings at $0.09 EPS.
Separately, Zacks Investment Research lowered shares of Hallador Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.
Hallador Energy (NASDAQ:HNRG) traded up 2.52% during trading on Friday, hitting $7.73. 62,185 shares of the stock were exchanged. The stock’s 50 day moving average price is $7.29 and its 200 day moving average price is $5.39. The stock has a market cap of $226.10 million, a P/E ratio of 12.97 and a beta of 0.04. Hallador Energy has a 12 month low of $3.95 and a 12 month high of $8.70.
Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new stake in Hallador Energy during the second quarter worth about $232,000. Eagle Global Advisors LLC increased 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 worth $162,000 after buying an additional 18,700 shares during the period. Menta Capital LLC increased 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 worth $446,000 after buying an additional 283 shares during the period. Martingale Asset Management L P increased 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 worth $407,000 after buying an additional 1,277 shares during the period. Finally, HighTower Advisors LLC increased 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 worth $198,000 after buying an additional 5,000 shares during the period. 51.73% of the stock is currently owned by institutional investors and hedge funds.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of Hallador Energy stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Company insiders own 55.66% 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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