Hallador Energy Co. (NASDAQ:HNRG)‘s stock had its “outperform” rating restated by investment analysts at FBR & Co in a report released on Thursday. They presently have a $8.00 price objective on the stock, up from their previous price objective of $7.00. FBR & Co’s price objective points to a potential upside of 10.50% from the company’s previous close.
Separately, Zacks Investment Research upgraded Hallador Energy from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, July 19th.
Shares of Hallador Energy (NASDAQ:HNRG) opened at 7.24 on Thursday. Hallador Energy has a 52 week low of $3.95 and a 52 week high of $8.70. The firm has a 50-day moving average price of $7.25 and a 200-day moving average price of $5.37. The firm has a market capitalization of $211.77 million, a price-to-earnings ratio of 12.15 and a beta of 0.04.
In other news, insider Brent K. Bilsland sold 123,586 shares of the business’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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 55.66% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of HNRG. Chartwell Investment Partners LLC purchased a new stake in Hallador Energy during the second quarter worth approximately $3,217,000. Acadian Asset Management LLC raised its stake in shares of Hallador Energy by 42.4% in the second quarter. Acadian Asset Management LLC now owns 640,476 shares of the company’s stock worth $2,962,000 after buying an additional 190,663 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Hallador Energy during the second quarter worth about $497,000. Emerald Acquisition Ltd. bought a new stake in shares of Hallador Energy during the second quarter worth about $373,000. Finally, Paloma Partners Management Co bought a new stake in shares of Hallador Energy during the second quarter worth about $232,000. 51.73% of the stock is currently owned by institutional investors.
About Hallador Energy