The stock of Hallador Energy Co (NASDAQ:HNRG) hit a new 52-week high and has $28.60 target or 188.00% above today’s $9.93 share price. The 8 months bullish chart indicates low risk for the $298.26 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $28.60 price target is reached, the company will be worth $560.73 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 142,985 shares traded hands. Hallador Energy Co (NASDAQ:HNRG) has risen 106.09% since April 7, 2016 and is uptrending. It has outperformed by 101.31% the S&P500.
Hallador Energy Co (NASDAQ:HNRG) Ratings Coverage
Out of 2 analysts covering Hallador Energy (NASDAQ:HNRG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Hallador Energy has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Hallador Energy Co (NASDAQ:HNRG) has “Outperform” rating given on Wednesday, August 12 by Cowen & Co. The firm has “Strong Sell” rating given on Wednesday, August 12 by Zacks. The firm earned “Outperform” rating on Thursday, October 13 by FBR Capital. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. The rating was maintained by FBR Capital on Tuesday, November 10 with “Outperform”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 1.00, from 2 in 2016Q1. The ratio dived, as 18 funds sold all Hallador Energy Co shares owned while 19 reduced positions. 20 funds bought stakes while 17 increased positions. They now own 8.11 million shares or 7.84% less from 8.80 million shares in 2016Q1.
Royal Bancorp Of Canada has invested 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG). Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Deutsche Fincl Bank Ag has 0% invested in the company for 146,108 shares. Dimensional Fund Advsrs Lp holds 0% or 129,033 shares in its portfolio. Hamilton Lane Advsr Ltd has invested 0.07% of its portfolio in Hallador Energy Co (NASDAQ:HNRG). Price T Rowe Assocs Inc Md owns 171,912 shares or 0% of their US portfolio. Credit Suisse Ag holds 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG) for 35,644 shares. Federated Investors Inc Pa reported 84 shares or 0% of all its holdings. Mraz Amerine And last reported 19,170 shares in the company. Moreover, Geode Mgmt Ltd Liability Co has 0% invested in Hallador Energy Co (NASDAQ:HNRG) for 109,259 shares. Blackrock Institutional Trust Na holds 0% of its portfolio in Hallador Energy Co (NASDAQ:HNRG) for 69,076 shares. Bank Of America Corp De owns 3,528 shares or 0% of their US portfolio. S&Co Inc reported 22,059 shares or 0.02% of all its holdings. Manufacturers Life Insurance The reported 826 shares or 0% of all its holdings. Parametric Llc holds 0% or 53,168 shares in its portfolio.
Insider Transactions: Since August 18, 2016, the stock had 1 buying transaction, and 1 sale for $873,250 net activity. STABIO VICTOR P bought $6,918 worth of stock. The insider Bilsland Brent K sold $880,168.
More news for Hallador Energy Co (NASDAQ:HNRG) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on October 08, 2010. Prnewswire.com‘s article titled: “Hallador Energy Company Announces Second Quarter 2016 Earnings Release and …” and published on July 25, 2016 is yet another important article.
HNRG Company Profile
Hallador Energy Company, incorporated on December 31, 1985, is an gas and oil exploration firm that is 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. The Firm also holds interest in Savoy Energy, L.P., which is an gas and oil exploration firm with activities in Michigan, and Sunrise Energy, LLC, which is a gas exploration firm with activities in Indiana. The Firm projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine. The Firm develops over 10 million tons of coal annually and has clients in the mid-west and southeastern United States. It has over 40.6 million tons of the Indiana coal V seam. In addition, the Company has over 69.3 million controlled tons in both Knox County, Indiana and Lawrence County, Illinois. The two Oaktown mines are separated by a sandstone channel. The coal seam thickness ranges from 4 feet to 9 feet. The Oaktown mines share the same wash plant, which is rated at over 1,600 tons per hour.
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