Hallador Energy Co (HNRG) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $7 . FBR & Co. advised their investors in a research report released on Oct 13, 2016.
Hallador Energy Co opened for trading at $7.63 and hit $7.73 on the upside on Tuesday, eventually ending the session at $7.68, with a gain of 0.79% or 0.06 points. The heightened volatility saw the trading volume jump to 89,354 shares. Company has a market cap of $225 M.
In a different news, on Sep 9, 2016, Brent K Bilsland (President and CEO) sold 123,586 shares at $7.18 per share price. According to the SEC, on Aug 18, 2016, Victor P Stabio (Chairman and Asst. Secretary) purchased 1,153 shares at $6.00 per share price. On Jun 3, 2016, Lawrence D Martin (CFO) purchased 38 shares at $4.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Hallador Energy Company is a mining company. The Company through its wholly owned subsidiary Sunrise Coal LLC is engaged in coal mining in the state of Indiana serving the electric power generation industry. The Company also operates through its interest holding companies Savoy Energy L.P. which is an oil and gas exploration company with operations in Michigan and Sunrise Energy LLC a gas exploration company with operations in Indiana. The Company’s Carlisle underground coal mine is located near the town of Carlisle Indiana in Sullivan County. Its Ace mine is located 42 miles northeast of the Carlisle Mine. The Company’s Oaktown 1 Mine (underground) comprises 44 million tons controlled and rated proved and probable of the Indiana V seam. The Company has a multi-commodity truck/barge terminal on the Indiana bank of the Ohio River near the William Natcher Bridge between Rockport and Grandview Indiana.