Zacks Investment Research cut shares of Hallador Energy (NASDAQ:HNRG) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Hallador Energy Company, formerly known as Hallador Petroleum Company is engaged in the production of steam coal. The Company’s primary operating property is the Carlisle underground coal mine located in western Indiana. Hallador Energy Company is based in Denver, Colorado. “
Separately, ValuEngine cut Hallador Energy from a buy rating to a hold rating in a report on Friday, February 2nd.
Several hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC bought a new stake in shares of Hallador Energy during the 4th quarter worth approximately $705,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Hallador Energy by 68.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 111,810 shares of the energy company’s stock worth $681,000 after acquiring an additional 45,250 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Hallador Energy during the 4th quarter worth approximately $105,000. Two Sigma Investments LP bought a new stake in shares of Hallador Energy during the 4th quarter worth approximately $198,000. Finally, Cornercap Investment Counsel Inc. lifted its stake in shares of Hallador Energy by 13.2% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 201,307 shares of the energy company’s stock worth $1,226,000 after acquiring an additional 23,475 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.
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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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