Hallador Energy (HNRG +8.5%) is initiated with a Buy rating at Brean Murray, which sees the...

|About: Hallador Energy Co (HNRG)|By:, SA News Editor

Hallador Energy (HNRG +8.5%) is initiated with a Buy rating at Brean Murray, which sees the pure‐play Illinois Basin coal producer gaining on several favorable fundamental drivers. HNRG 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," the firm says.