Zacks Investment Research upgraded shares of Hallador Energy (NASDAQ:HNRG) from a sell rating to a hold rating in a report issued on Wednesday 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 raised shares of Hallador Energy from a strong sell rating to a sell rating in a research note on Monday, July 30th.

Shares of NASDAQ:HNRG traded down $0.18 during trading on Wednesday, reaching $6.11. The company had a trading volume of 57,864 shares, compared to its average volume of 70,617. The firm has a market cap of $187.70 million, a P/E ratio of 11.53 and a beta of -0.22. Hallador Energy has a twelve month low of $4.79 and a twelve month high of $7.98. The company has a current ratio of 1.95, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, August 6th. The energy company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.09). The company had revenue of $57.24 million during the quarter, compared to analyst estimates of $62.60 million. Hallador Energy had a return on equity of 3.55% and a net margin of 10.20%. Equities research analysts forecast that Hallador Energy will post 0.41 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in HNRG. Dimensional Fund Advisors LP lifted its stake in Hallador Energy by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 922,104 shares of the energy company’s stock valued at $6,335,000 after purchasing an additional 129,170 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its stake in Hallador Energy by 3.7% during the first quarter. Cornercap Investment Counsel Inc. now owns 208,695 shares of the energy company’s stock valued at $1,434,000 after purchasing an additional 7,388 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Hallador Energy during the second quarter valued at approximately $200,000. Acadian Asset Management LLC acquired a new stake in Hallador Energy during the second quarter valued at approximately $4,934,000. Finally, Algert Global LLC lifted its stake in Hallador Energy by 97.0% during the second quarter. Algert Global LLC now owns 42,704 shares of the energy company’s stock valued at $305,000 after purchasing an additional 21,024 shares during the last quarter. 53.23% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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