Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Hallador Energy (NASDAQ:HNRG) released its earnings results on Tuesday. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14, Zacks reports. The firm had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same quarter in the previous year, the business earned $0.47 EPS.

Hallador Energy Trading Up 1.9 %

Hallador Energy stock opened at $13.38 on Friday. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57. The stock has a market cap of $570.26 million, a price-to-earnings ratio of -24.33 and a beta of 0.62. The business has a 50 day moving average price of $9.03 and a two-hundred day moving average price of $7.74. The company has a quick ratio of 0.16, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley purchased 25,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the transaction, the director now directly owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. The trade was a 15.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zarrell Thomas Gray acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $5.75 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now owns 33,000 shares of the company’s stock, valued at approximately $189,750. This trade represents a 17.86 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 46,000 shares of company stock valued at $280,040 over the last ninety days. 32.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley raised their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday.

Hallador Energy Company Profile

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; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.