Hallador Energy Co (NASDAQ:HNRG) – Research analysts at FBR & Co upped their Q2 2017 EPS estimates for Hallador Energy in a research note issued to investors on Wednesday. FBR & Co analyst L. Pipes now anticipates that the energy company will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.09. FBR & Co currently has a “Outperform” rating and a $11.00 price target on the stock. FBR & Co also issued estimates for Hallador Energy’s Q3 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.12 EPS.
Separately, Zacks Investment Research upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 24th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 7.68 on Friday. The stock has a market cap of $225.88 million, a P/E ratio of 18.42 and a beta of -0.19. Hallador Energy has a 12 month low of $3.95 and a 12 month high of $10.40. The company has a 50 day moving average price of $7.47 and a 200-day moving average price of $8.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, April 28th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, April 26th. Hallador Energy’s payout ratio is currently 28.57%.
In other Hallador Energy news, CFO Lawrence D. Martin sold 3,583 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $7.40, for a total value of $26,514.20. Following the sale, the chief financial officer now owns 142,836 shares in the company, valued at approximately $1,056,986.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 55.66% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in HNRG. Algert Global LLC bought a new stake in shares of Hallador Energy during the first quarter valued at approximately $142,000. Russell Investments Group Ltd. boosted its stake in shares of Hallador Energy by 41.2% in the first quarter. Russell Investments Group Ltd. now owns 78,743 shares of the energy company’s stock valued at $631,000 after buying an additional 22,983 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Hallador Energy during the fourth quarter valued at approximately $6,953,000. Barings LLC boosted its stake in shares of Hallador Energy by 11.0% in the fourth quarter. Barings LLC now owns 69,239 shares of the energy company’s stock valued at $629,000 after buying an additional 6,862 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hallador Energy during the fourth quarter valued at approximately $174,000. Institutional investors and hedge funds own 50.34% 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.