Hallador Energy Company Receives a Buy from FBR Capital

By Jason Carr

In a report released today, Lucas Pipes from FBR Capital reiterated a Buy rating on Hallador Energy Company (NASDAQ: HNRG), with a price target of $12. The company’s shares closed yesterday at $8.87.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 9.5% and a 55.1% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Westmoreland Coal Company, and Cloud Peak Energy Inc.

Hallador Energy Company has an analyst consensus of Moderate Buy, with a price target consensus of $12.

The company has a one year high of $10.40 and a one year low of $3.95. Currently, Hallador Energy Company has an average volume of 190K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Brent Bilsland, the CEO & PRESIDENT of HNRG sold 123,586 shares for a total of $880,168.

Hallador Energy Co. 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 Carlisle underground coal mine located near the town of Carlisle, Indiana; the Ace in the Hole mine located near Clay City, Indiana; the Oaktown 1 underground mine located in Knox County, Indiana; the Oaktown 2 mine/War Eagle reserve located in Knox County, Indiana and Lawrence County, Illinois; and the Bulldog underground mine located in Vermillion County, Illinois. It is also involved in oil and gas exploration activities in Michigan and Indiana. The company was founded in 1951 and is headquartered in Denver, CO.