FBR & Co reissued their outperform rating on shares of Hallador Energy Co. (NASDAQ:HNRG) in a research note released on Thursday. The firm currently has a $8.00 price objective on the stock, up from their previous price objective of $7.00.
Separately, Zacks Investment Research upgraded Hallador Energy from a hold rating to a strong-buy rating and set a $6.50 price objective for the company in a report on Thursday, August 11th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 8.05 on Thursday. The company has a 50-day moving average price of $7.43 and a 200-day moving average price of $5.47. Hallador Energy has a 1-year low of $3.95 and a 1-year high of $8.70. The company has a market cap of $235.46 million, a PE ratio of 13.51 and a beta of 0.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, October 31st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.16 annualized dividend and a dividend yield of 1.99%. Hallador Energy’s dividend payout ratio is 27.12%.
In other 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 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 added to or reduced their stakes in HNRG. Paloma Partners Management Co bought a new position in shares of Hallador Energy during the second quarter valued at about $232,000. Eagle Global Advisors LLC boosted its position in shares of 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 position in shares of 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 position in shares of 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 position 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 during the last quarter. Hedge funds and other institutional investors own 51.74% 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.
Receive News & Ratings for Hallador Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallador Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.