Stock Rating Upgrade
The Value Trend Rating for Hallador Energy Co (NASDAQ: HNRG) rose significantly recently from F to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Hallador Energy Co (NASDAQ: HNRG) stock suffered a large decline of -6.6% on 6/7/24. The stock closed at $8.24. However, trading volume in this decline was below average at 74% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 2.2% during the last week.
Current PriceTarget Research Rating
HNRG is expected to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Hallador Energy has a current Value Trend Rating of C (Neutral). This VT Rating improved modestly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Hallador Energy has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 32, and the Neutral Value Trend Rating results.
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