Hallador Energy Co (NASDAQ:HNRG) declared a quarterly dividend on Friday, January 18th, Wall Street Journal reports. Stockholders of record on Thursday, January 31st will be paid a dividend of 0.04 per share by the energy company on Friday, February 15th. This represents a $0.16 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, January 30th.
Hallador Energy has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hallador Energy to earn $0.38 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 42.1%.
Shares of NASDAQ HNRG opened at $5.15 on Friday. Hallador Energy has a 52-week low of $4.75 and a 52-week high of $7.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.93. The firm has a market capitalization of $157.22 million, a price-to-earnings ratio of 22.65 and a beta of -0.10.
Hallador Energy (NASDAQ:HNRG) last announced 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 business had revenue of $79.72 million during the quarter, compared to analysts’ expectations of $79.30 million. Hallador Energy had a return on equity of 3.07% and a net margin of 9.64%. On average, equities analysts forecast that Hallador Energy will post 0.27 earnings per share for the current year.
In other news, Director Charles Ray Iv Wesley bought 8,347 shares of Hallador Energy stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $6.02 per share, for a total transaction of $50,248.94. Following the acquisition, the director now owns 8,347 shares in the company, valued at $50,248.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 45.10% of the stock is currently owned by insiders.
HNRG has been the topic of several recent analyst reports. ValuEngine downgraded shares of Hallador Energy from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th.
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Hallador Energy Company Profile
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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