HALLADOR ENERGY CO (HNRG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does HALLADOR ENERGY CO Do?
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Haute, Indiana. HALLADOR ENERGY CO (HNRG) is classified as a small-cap stock in the Energy sector, specifically within the Coal industry. The company is led by CEO Brent K. Bilsland and employs approximately 800 people, headquartered in DENVER, Indiana. With a market capitalization of $746M, HNRG is one of the notable companies in the Energy sector.
HALLADOR ENERGY CO (HNRG) Stock Rating — Reduce (April 2026)
As of April 2026, HALLADOR ENERGY CO receives a Reduce rating with a composite score of 42.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.HNRG ranks #2,331 out of 4,446 stocks in our coverage universe. Within the Energy sector, HALLADOR ENERGY CO ranks #113 of 128 stocks, placing it in the lower half of its Energy peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
HNRG Stock Price and 52-Week Range
HALLADOR ENERGY CO (HNRG) currently trades at $15.04. The stock lost $0.23 (1.5%) in the most recent trading session. The 52-week high for HNRG is $24.70, which means the stock is currently trading -39.1% from its annual peak. The 52-week low is $9.25, putting the stock 62.6% above its annual trough. Recent trading volume was 471K shares, suggesting relatively thin trading activity.
Is HNRG Overvalued or Undervalued? — Valuation Analysis
HALLADOR ENERGY CO (HNRG) carries a value factor score of 67/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 16.84x, compared to the Energy sector average of 19.63x — a discount of 14%. The price-to-book ratio stands at 4.60x, versus the sector average of 1.64x. The price-to-sales ratio is 1.56x, compared to 0.47x for the average Energy stock. On an enterprise value basis, HNRG trades at 12.84x EV/EBITDA, versus 3.50x for the sector.
Overall, HNRG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
HALLADOR ENERGY CO Profitability — ROE, Margins, and Quality Score
HALLADOR ENERGY CO (HNRG) earns a quality factor score of 41/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 27.3%, compared to the Energy sector average of 6.7%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 10.7% versus the sector average of 3.7%.
On a margin basis, HALLADOR ENERGY CO reports gross margins of 24.0%, compared to 52.7% for the sector. The operating margin is 11.9% (sector: 10.7%). Net profit margin stands at 8.6%, versus 6.4% for the average Energy stock. Revenue growth is running at 61.5% on a trailing basis, compared to -1.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
HNRG Debt, Balance Sheet, and Financial Health
HALLADOR ENERGY CO has a debt-to-equity ratio of 19.0%, compared to the Energy sector average of 55.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.81x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $30M. Cash and equivalents stand at $13M.
HNRG has a beta of 1.25, meaning it is more volatile than the broader market — a $10,000 investment in HNRG would be expected to move 25.2% more than the S&P 500 on any given day. The stability factor score for HALLADOR ENERGY CO is 38/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
HALLADOR ENERGY CO Revenue and Earnings History — Quarterly Trend
In TTM 2026, HALLADOR ENERGY CO reported revenue of $473M and earnings per share (EPS) of $0.98. Net income for the quarter was $44M. Gross margin was 24.0%. Operating income came in at $60M.
In FY 2025, HALLADOR ENERGY CO reported revenue of $469M and earnings per share (EPS) of $0.98. Net income for the quarter was $42M. Revenue grew 16.1% year-over-year compared to FY 2024. Operating income came in at $61M.
In Q3 2025, HALLADOR ENERGY CO reported revenue of $147M and earnings per share (EPS) of $0.56. Net income for the quarter was $24M. Revenue grew 39.8% year-over-year compared to Q3 2024. Operating income came in at $29M.
In Q2 2025, HALLADOR ENERGY CO reported revenue of $103M and earnings per share (EPS) of $0.19. Net income for the quarter was $8M. Revenue grew 13.2% year-over-year compared to Q2 2024. Operating income came in at $12M.
Over the past 8 quarters, HALLADOR ENERGY CO has demonstrated a growth trajectory, with revenue expanding from $91M to $473M. Investors analyzing HNRG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
HNRG Dividend Yield and Income Analysis
HALLADOR ENERGY CO (HNRG) does not currently pay a dividend. This is common among smaller companies in the Coal industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Energy dividend stocks may want to explore other Energy stocks or use the stock screener to filter by dividend yield.
HNRG Momentum and Technical Analysis Profile
HALLADOR ENERGY CO (HNRG) has a momentum factor score of 48/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 25/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
HNRG vs Competitors — Energy Sector Ranking and Peer Comparison
Within the Energy sector, HALLADOR ENERGY CO (HNRG) ranks #113 out of 128 stocks based on the Blank Capital composite score. This places HNRG in the lower half of all Energy stocks in our coverage universe. Key competitors and sector peers include TotalEnergies SE (TTE) with a score of 57.0/100, APA Corp (APA) with a score of 54.7/100, PRECISION DRILLING Corp (PDS) with a score of 53.4/100, Greenfire Resources Ltd. (GFR) with a score of 59.2/100, and EXXON MOBIL CORP (XOM) with a score of 55.1/100.
Comparing HNRG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full HNRG vs S&P 500 (SPY) comparison to assess how HALLADOR ENERGY CO stacks up against the broader market across all factor dimensions.
HNRG Next Earnings Date
No upcoming earnings date has been announced for HALLADOR ENERGY CO (HNRG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy HNRG? — Investment Thesis Summary
The quantitative profile for HALLADOR ENERGY CO suggests caution. The value score of 67/100 suggests attractive pricing relative to fundamentals. High volatility (stability score 38/100) increases portfolio risk.
In summary, HALLADOR ENERGY CO (HNRG) earns a Reduce rating with a composite score of 42.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on HNRG stock.
Related Resources for HNRG Investors
Explore more research and tools: HNRG vs S&P 500 comparison, top Energy stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare HNRG head-to-head with peers: HNRG vs TTE, HNRG vs APA, HNRG vs PDS.