Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results

Hallador Energy (NASDAQ:HNRG) released its earnings results on Monday. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01, Zacks reports. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $94.80 million during the quarter, compared to the consensus estimate of $102.46 million.

Hallador Energy Stock Performance

HNRG stock opened at $11.95 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The business has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.51. The company has a market capitalization of $509.27 million, a P/E ratio of -21.73 and a beta of 0.55. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners started coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company.

About Hallador Energy

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.