Hallador Energy Co. (NASDAQ:HNRG)‘s stock had its “outperform” rating reissued by stock analysts at FBR & Co in a report issued on Wednesday. They currently have a $12.00 price objective on the stock, up from their prior price objective of $10.00. FBR & Co’s target price suggests a potential upside of 34.08% from the company’s current price.
Separately, Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research note on Thursday, August 11th.
Shares of Hallador Energy (NASDAQ:HNRG) traded down 0.56% during trading on Wednesday, reaching $8.95. 44,604 shares of the company’s stock traded hands. The stock has a market capitalization of $261.95 million, a PE ratio of 15.76 and a beta of -0.21. The company has a 50 day moving average price of $8.71 and a 200 day moving average price of $6.29. Hallador Energy has a 1-year low of $3.95 and a 1-year high of $10.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, October 27th. Hallador Energy’s dividend payout ratio is currently 28.57%.
In other news, insider Brent K. Bilsland sold 123,586 shares of Hallador Energy stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $7.12, for a total value of $879,932.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. 55.66% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in HNRG. Menta Capital LLC raised its position in Hallador Energy by 0.3% in the second quarter. Menta Capital LLC now owns 96,610 shares of the company’s stock valued at $446,000 after buying an additional 283 shares in the last quarter. Robotti Robert raised its position in Hallador Energy by 2.2% in the third quarter. Robotti Robert now owns 46,431 shares of the company’s stock valued at $365,000 after buying an additional 1,007 shares in the last quarter. BSW Wealth Partners purchased a new position in Hallador Energy during the third quarter valued at $139,000. Martingale Asset Management L P raised its position in Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock valued at $407,000 after buying an additional 1,277 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Hallador Energy by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 50,839 shares of the company’s stock valued at $236,000 after buying an additional 1,984 shares in the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.
About Hallador Energy