Hallador Energy Company (NASDAQ:HNRG) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Hallador Energy Company (NASDAQ:HNRG) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.88.

A number of analysts have recently issued reports on the company. Wall Street Zen cut Hallador Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a report on Friday, August 14th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Finally, Northland Securities set a $27.00 price objective on shares of Hallador Energy in a research report on Tuesday, October 6th.

Hallador Energy Stock Performance

Shares of HNRG opened at $10.59 on Thursday. The company has a market cap of $499.21 million, a PE ratio of 480.50 and a beta of 0.47. The firm has a 50-day moving average of $13.50 and a 200-day moving average of $16.28. Hallador Energy has a one year low of $8.85 and a one year high of $24.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, November 9th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.18). The firm had revenue of $130.25 million during the quarter, compared to the consensus estimate of $118.25 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. As a group, equities analysts forecast that Hallador Energy will post -0.47 earnings per share for the current year.

More Hallador Energy News

Here are the key news stories impacting Hallador Energy this week:

• Positive Sentiment: Third-quarter revenue was $130.3 million, above analyst expectations of $118.25 million. Adjusted EBITDA improved to $17.3 million from a $2.9 million loss in the second quarter, while Merom generation rose 77% sequentially after planned maintenance. Hallador Q3 operating results
• Positive Sentiment: Hallador said contracted segment-level forward sales reached approximately $3.0 billion, up 26% from the prior quarter, providing a sizable book of future sales. Hallador Q3 results and Turtle Creek update
• Positive Sentiment: The 460-megawatt Turtle Creek natural-gas project is advancing: Hallador targets a final investment decision before year-end, has taken title to turbine equipment, and aims for commercial operation in the second half of 2028. Management estimates the project could represent about $1.6 billion of value within 24 months. Hallador Q3 earnings and gas project
• Negative Sentiment: The company reported a $4.5 million net loss, or $0.10 per share, versus year-ago net income of $23.9 million. The loss missed analyst estimates, and revenue was down 11% year over year. Hallador third-quarter earnings report
• Negative Sentiment: Hallador ended the quarter with $551.9 million in total debt. While liquidity rose to $103.2 million, the debt burden and financing needs for Turtle Creek remain risks for investors. Hallador Q3 financial details

Hedge Funds Weigh In On Hallador Energy

Several large investors have recently modified their holdings of HNRG. BlackRock Inc. acquired a new position in Hallador Energy in the 2nd quarter valued at about $49,594,000. Deutsche Bank AG acquired a new stake in Hallador Energy during the second quarter worth approximately $13,534,000. Empyrean Capital Partners LP bought a new stake in shares of Hallador Energy during the first quarter worth approximately $8,140,000. Bank of New York Mellon Corp bought a new stake in shares of Hallador Energy during the second quarter worth approximately $7,037,000. Finally, Value Aligned Research Advisors LLC bought a new stake in shares of Hallador Energy during the second quarter worth approximately $5,578,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.