Hallador Energy Co. (NASDAQ:HNRG) had its target price boosted by equities researchers at FBR & Co from $10.00 to $12.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. FBR & Co’s price objective suggests a potential upside of 33.33% from the company’s previous close.
Separately, Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Thursday, August 11th.
Hallador Energy (NASDAQ:HNRG) opened at 9.00 on Wednesday. The firm’s 50 day moving average price is $8.65 and its 200-day moving average price is $6.26. The company has a market capitalization of $263.41 million, a PE ratio of 15.85 and a beta of -0.21. Hallador Energy has a one year low of $3.95 and a one year high of $10.40.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, October 27th. Hallador Energy’s payout ratio is presently 28.57%.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $7.12, for a total value of $879,932.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 55.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HNRG. Acadian Asset Management LLC raised its position in shares of Hallador Energy by 76.9% in the third quarter. Acadian Asset Management LLC now owns 1,132,813 shares of the company’s stock worth $8,929,000 after buying an additional 492,337 shares in the last quarter. Chartwell Investment Partners LLC purchased a new position in shares of Hallador Energy during the second quarter worth approximately $3,217,000. Morgan Stanley raised its position in shares of Hallador Energy by 62.3% in the third quarter. Morgan Stanley now owns 240,027 shares of the company’s stock worth $1,891,000 after buying an additional 92,096 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Hallador Energy by 98.9% in the third quarter. JPMorgan Chase & Co. now owns 214,017 shares of the company’s stock worth $1,686,000 after buying an additional 106,427 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Hallador Energy by 8.6% in the third quarter. Northern Trust Corp now owns 152,397 shares of the company’s stock worth $1,201,000 after buying an additional 12,123 shares in the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.
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