Analysts See Upside in Coal Name, Hallador Energy (HNRG)

October 9, 2012 8:51 AM EDT
Get Alerts HNRG Hot Sheet
Price: $9.19 --0%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Brean Murray Carret & Co. initiated coverage on Hallador Energy (NASDAQ: HNRG) with a Buy and a price target of $10.00. Hallador is a pure‐play Illinois Basin thermal coal producer, and stands to gain on several favorable fundamental drivers, think analysts.

"Due to the proliferation of emission control technologies, domestic utilities are now able to take advantage of low‐cost high sulfur Illinois Basin coal, prompting an increase of market share by the Illinois Basin," said analysts Lucas Pipes.

In addition, Hallador operates with one of the lowest cost structures within the basin, which increases competitiveness against coal peers and even natural, which has increased in price recently.

"In short," said Pipes ,"Hallador is structurally well positioned in one of the most attractive domestic thermal coal basins, has lower costs than its peers, and trades at a more compelling valuation. We would recommend that investors take advantage of this unique opportunity and buy Hallador Energy at current levels."

For an analyst ratings summary and ratings history on Hallador Energy click here. For more ratings news on Hallador Energy click here.

Shares of Hallador Energy closed at $8.76 yesterday.

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