B. Riley Weighs in on Hallador Energy Co’s Q1 2019 Earnings (HNRG)

Hallador Energy Co (NASDAQ:HNRG) – Analysts at B. Riley reduced their Q1 2019 EPS estimates for Hallador Energy in a research note issued to investors on Wednesday, November 7th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.11. B. Riley also issued estimates for Hallador Energy’s FY2019 earnings at $0.38 EPS and FY2020 earnings at $0.43 EPS.

Other equities analysts have also recently issued reports about the company. ValuEngine raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Zacks Investment Research raised Hallador Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th.

NASDAQ HNRG opened at $6.21 on Thursday. The firm has a market cap of $187.10 million, a PE ratio of 26.96 and a beta of -0.32. The company has a current ratio of 1.93, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. Hallador Energy has a 1-year low of $4.95 and a 1-year high of $7.98.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $79.72 million for the quarter, compared to the consensus estimate of $79.30 million. Hallador Energy had a net margin of 9.64% and a return on equity of 3.07%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Hallador Energy by 1,887.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,027 shares of the energy company’s stock valued at $417,000 after buying an additional 63,654 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Hallador Energy by 27.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 38,698 shares of the energy company’s stock valued at $241,000 after buying an additional 8,347 shares during the period. Strs Ohio lifted its holdings in shares of Hallador Energy by 124.6% during the 3rd quarter. Strs Ohio now owns 74,800 shares of the energy company’s stock valued at $465,000 after buying an additional 41,500 shares during the period. Oakcliff Capital Partners LP lifted its holdings in shares of Hallador Energy by 39.9% during the 2nd quarter. Oakcliff Capital Partners LP now owns 557,189 shares of the energy company’s stock valued at $3,978,000 after buying an additional 158,827 shares during the period. Finally, Alambic Investment Management L.P. bought a new position in shares of Hallador Energy during the 2nd quarter valued at $164,000. 53.38% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.16 annualized dividend and a dividend yield of 2.58%. Hallador Energy’s payout ratio is 30.19%.

About Hallador Energy

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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