Dahlman Rose Starts Hallador Energy (HNRG) at Hold; Like the Illinois Basin Story, But Shares Fairly Valued

Dahlman Rose initiates coverage on Hallador Energy (NASDAQ: HNRG) with a Hold.

Dahlman analyst says, "We see Hallador as having a good mix of low-cost operations and good reserve life, without the overhang of union exposure or major liabilities. This could also be attractive for potential larger suitors in the Illinois Basin. In the meantime, we do like the company's stable, predictable earnings stream, but see the shares near fair value, using a 6x forward multiple."

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 $10.18 yesterday.

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